Lisa Cook remains on Fed Board for this week's meeting
Scripps News · Just In
Scripps News
Just In
The Federal Open Market Committee of the Federal Reserve began two days of meetings, with the group expected to approve lowering interest rates as economic pressures on the panel mount.
Breakdown
- The Federal Reserve is holding a two-day meeting amid falling Wall Street numbers.
- President Trump is pressuring the Fed to cut interest rates, with expectations of a quarter-point cut. 16s
- Stephen Murren, Trump's nominee, was narrowly approved by the Senate and is participating in the meeting. 1m 16s
- Efforts to remove Fed Governor Lisa Cook were blocked by a court ruling, allowing her to remain for the meeting. 1m 57s
- Experts warn that ongoing political pressure could undermine the Fed's credibility. 2m 44s