Federal Reserve governor Lisa Cook late Wednesday said she wouldn't leave her post after President Donald Trump on social media called on her to resign over an accusation from one his officials that ...

U.S. President Donald Trump on Friday said he would fire Federal Reserve Governor Lisa Cook if she doesn't resign.

“Yeah, I’ll fire her if she doesn’t resign,” Trump told reporters. “What she did was bad. So I’ll fire her if she doesn’t resign.”

Powell's statements caused stocks to rally when he signaled the Fed is preparing to cut interest rates as soon as next month.

Wall Street's main indexes climbed more than 1% on Friday after U.S. Federal Reserve Chair Jerome Powell pointed to a possible interest-rate cut at the central bank's next policy meeting during his J...

“Investors are cheering Powell’s comments like it’s the start of a rate-cut parade. But one cut won’t move the needle on consumer spending.