Both a larger-than-expected rate cut and foundational changes at the Fed would be major pro-growth innovations in U.S. economic policy, but strong resistance is likely this week during the Fed’s annual celebration of central banking in Jackson Hole, Wyo.

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

The Federal Reserve's credibility forms the bedrock of global monetary stability. Trump's assault on its independence threatens to blow the whole thing up. The post Trump's Assault on the Fed Could Sink the Global Financial System appeared first on World Politics Review.

Major Questions is a recurring series by Adam White, which analyzes the court’s approach to administrative law, agencies, and the lower courts. Please note that the views of outside contributors […]

On Dec. 23, 1913, President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation ...

“The White House has been aggressively pushing Dr. Miran’s nomination to the Federal Reserve Board, setting the stage for his quick confirmation when the Senate returns in September,” said a White House official Tuesday. “With the President’s strong backing, there’s clear momentum to get this done.”

After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.

The Federal Reserve has ended its “novel activities” supervision program, folding crypto and fintech oversight back into normal bank supervision.