Is the Fed facing its biggest political test yet? | Morning Bid

By Reuters

Community Score: 50% | 810 views | 1w

0 community ratings: null thumbs up, null thumbs down

President Trump gives Fed Governor Lisa Cook three weeks to answer mortgage fraud allegations, with the deadline falling just before the September FOMC meeting - raising fresh questions about Fed independence under Chair Kevin Warsh. Meanwhile, the U.S. economy shed 23,000 jobs in July in a surprise miss, though a falling unemployment rate and solid construction gains tempered the reaction. All eyes now turn to Wednesday's CPI print, with oil near $83 a barrel and retail fuel prices still roughly 30% above pre-war levels. #News #Reuters #Newsfeed 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Tags: reuters, news, world news today, breaking news, news today, reuters youtube, markets today, streaming, live news, latest news, headlines today, world news, news today usa, reuters news, headlines