By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
Related Articles
For 27% of California tenants, rent is more than half their income Why I Won’t Dip Into My Savings for an iPhone 17 Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes How much for matcha? Prices for the popular powdered tea soar due to global demand Actor Jason Schwartzman lists Toluca Lake cottage for just under $1.75MStephen Miran, a top White House economist who was confirmed by the Senate with unusual speed late Monday, was sworn in Tuesday as a member of the Fed’s board of governors. He will vote on the Fed’s interest rate decision on Wednesday, when the central bank is expected to reduce its key rate by a quarter-point. Miran may dissent in favor of a larger cut.
Also attending the meeting is Fed governor Lisa Cook, whom the Trump administration has sought to fire in an unprecedented attempt to reshape the Fed, which historically is considered independent of day-to-day politics. An appeals court late Monday upheld an earlier ruling that the firing violated Cook’s due process rights. A lower court had earlier also ruled that President Donald Trump did not provide sufficient “cause” to remove Cook.
Stephen Miran testifies during a Senate Banking Committee hearing on his nomination to be a member of the Board of Governors of the Federal Reserve System, on Capitol Hill Thursday, Sept. 4, 2025, in Washington. (AP Photo/Mariam Zuhaib)With both officials in place, the Fed’s two-day meeting could be unusually contentious for an institution that typically prefers to operate by consensus. It’s possible that as many as three of the seven governors could dissent from a decision to reduce rates by just a quarter-point in favor of a half-point. That would be the first time since 1988 that three governors have dissented. Economists also say that one of the five regional Fed bank presidents who also vote on rates could dissent in favor of keeping rates unchanged.
On Tuesday, the White House said it would appeal Cook’s case to the Supreme Court, though did not specify when.
“The President lawfully removed Lisa Cook for cause,” White House spokesman Kush Desai said. “The Administration will appeal this decision and looks forward to ultimate victory on the issue.”
Hence then, the article about fed convenes meeting with a governor newly appointed by trump and another he wants to oust was published today ( ) and is available on The Orange County Register ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust )
Also on site :
- How Nashville’s Music Row Went MAGA in 2025
- Stunning ISS Photo of Florida, Cuba Captures & 039;Moonglint& 039;
- FBI Seizes $40 Million Worth of Motorbikes Tied to Top-10 Fugitive