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Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
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American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making meeting.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
White House lawyer Ty Cobb said on Sunday that President Donald Trump was not considering or discussing firing special counsel Robert Mueller – even after the president directly lashed out at Mueller's probe during the weekend.
The lawyer's assurance wasn't likely to assuage concerns that the president would act against the special counsel, however. On Monday, Trump continued his social-media onslaught against the Mueller probe by again calling it a "witch hunt."
The president's latest attack on Mueller's investigation into Russian meddling in the 2016 election came soon after he promoted, in a tweet, Fox News host Sean Hannity's upcoming appearance on "Fox and Friends," a favorite of Trump's. Hannity would go on to say: "The only person that colluded in that campaign, with the Russians, was Hillary Clinton."
Cobb's statement Sunday night came after hours after Trump tweeted criticism of Mueller's investigation. On Saturday, John Dowd, one of Trump's personal lawyers representing him in the Russia probe, called for a quick end to Mueller's investigation.
"I pray that Acting Attorney General Rosenstein will follow the brilliant and courageous example of the FBI Office of Professional Responsibility and Attorney General Jeff Sessions and bring an end to alleged Russia Collusion investigation manufactured by McCabe's boss James Comey based upon a fraudulent and corrupt Dossier," Dowd wrote in a statement provided to CNBC. The Daily Beast first reported it Saturday morning.
The president followed suit over the weekend with a series of tweets targeting Mueller's probe, fired FBI Director James Comey and the recently fired former FBI deputy director, Andrew McCabe.
Dowd's statement and Trump's subsequent tweets set off renewed speculation that the president might fire the special council. Even some Republicans voiced their concern over the matter.
Firing Mueller "would be the beginning of the end of his presidency," said Sen. Lindsey Graham of South Carolina. Republican Sen. John McCain, a frequent Trump critic, tweeted that Mueller should be able to complete his investigation "unimpeded."
Sunday night, however, Cobb, another of the president's attorneys, sought to tamp down speculation that Trump would move soon to fire Mueller.
"In response to media speculation and related questions being posed to the administration, the White House yet again confirms that the President is not considering or discussing the firing of the Special Counsel, Robert Mueller," Cobb said.
Reuters, The Associated Press and CNBC's Valerie Block and Javier David contributed to this report.