A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on Thursday in support of Fed governor Lisa Cook, who President Donald Trump is seeking to remove. The group, led former central bank chiefs Alan Greenspan, Ben Bernanke and Janet Yellen, said that “allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and erode public confidence in the Fed.” The bipartisan group, which also includes former Treasury Secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew and Timothy Geithner, added that “the independence of the Federal Reserve, within the limited authority granted by Congress to achieve the goals Congress itself has set, is a critical feature of our national monetary system.” As the U.S. central bank, the Federal Reserve is part of the U.S. government and…
SEATTLE — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online…
WASHINGTON — Americans are more likely to watch newly released movies from the comfort of their own homes instead…
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started…
LimeWire, the filesharing service that set the internet ablaze in the 2000s before being shut down for copyright infringement,…
Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the…
The Labor Department has announced an inquiry into the Bureau of Labor Statistics over recent changes to its data…
Shares of Kenvue fell more than 10% on Friday after a report that Health Secretary Robert F. Kennedy Jr.…
The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News…
