Trump establishes 'committee of inquiry' for Federal Reserve member Lisa Cook
President Trump established a committee Friday to investigate whether Federal Reserve board of governors member Lisa Cook “made false statements in connection with one or more mortgage instruments.” The “committee of inquiry” will hold an in-person hearing next month to consider the allegations and evidence against her. It is scheduled for Nov. 5. “As President,...
On Friday, the Federal Reserve Board unveiled the outcomes of the 2025 Survey of Consumer Finances, offering valuable insights into the financial state of American families. This annual survey, conducted since 1989, has been conducted every three years, providing a comprehensive time series of data on various aspects of American family finances.
The Board's summary report, titled Changes in U.S. Family Finances from 2022 to 2025, delves into alterations in income, net worth, assets, debt, and financial vulnerability. It is complemented by an interactive chartbook that visually illustrates changes in these financial characteristics over time. The survey, managed by NORC, a social science research organization at the University of Chicago, utilizes random sampling methods to gather data from families across 119 geographic regions, ensuring the results reflect the broader American population.
Interested parties can access supplementary data from the survey, as well as extensive research resources, through the Board's website. For any media inquiries, correspondence can be directed to [email protected] or by calling (202) 452-2955.
Written by urgent.news from Federal Reserve Board's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
