Trump again moves to fire Cook, reviving independence spat

President Donald Trump’s administration has reportedly sent a letter to Federal Reserve Gov. Lisa Cook detailing his reasons for finding cause to remove her from office after the Supreme Court ruled in her favor earlier this summer.

Inflation expectations fall in key Fed survey

Near-term expectations for price growth fell in the latest consumer sentiment survey from the Federal Reserve Bank of New York, but remains above the central bank’s target across all time horizons.

CFPB still waiting on permanent director

The CFPB is still without a permanent director, KeyBank has completed its acquisition of Clearwater UK, Flagstar’s private bank has launched an insurance agency and a suite of discretionary managed investment portfolios, and more in this week’s banking news roundup.