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New data shows job market was much weaker than thought in 2024, 2025
The U.S. job market was much weaker in 2024 and early this year than originally reported, benchmark revisions show.
Hiring stalls in August with companies reluctant to expand in uncertain economic landscape
Employers added just 22,000 jobs in August as the labor market continued to cool under uncertainty over President Trump’s economic policies.
DOJ probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP reports
The Justice Department has begun examining mortgage fraud allegations against Federal Reserve governor Lisa Cook.
Job openings slip in July, adding to evidence that labor market is cooling
U.S. employers posted 7.2 million job vacancies in July as the American labor market continues to cool, according to the Labor Department.
Key inflation gauge holds steady though core inflation ticks higher
The Federal Reserve's preferred inflation gauge mostly held steady last month, according to the Commerce Department.
Fed official sues Trump over attempt to fire her, challenging his power over the independent agency
Fed Governor Lisa Cook sued the Trump administration to block her firing, a case that could redefine Federal Reserve independence.
Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulator
Bill Pulte, Trump’s housing regulator, uses mortgage fraud claims to target political foes, fueling battles over Fed independence and power.
Embattled Fed Governor Lisa Cook’s lawyer says she’ll sue Trump to keep her job
Federal Reserve Gov. Lisa Cook is suing President Trump to block her removal, setting up a Supreme Court fight over Fed independence and presidential power.
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Trump moved to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations, sparking a legal battle that could reach the Supreme Court.
Powell signals Fed may cut rates soon even as inflation risks remain
Federal Reserve Chair Jerome Powell opened the door ever so slightly to lowering a key interest rate in the coming months.
Fed official says she won’t be ‘bullied’ by Trump into resigning
Federal Reserve governor Lisa Cook said she wouldn't leave her post after Trump on social media called on her to resign.
Trump calls on Fed official to resign after ally accuses her of mortgage fraud
President Donald Trump called on Federal Reserve governor Lisa Cook to resign after she was accused of committing mortgage fraud.
