The Senate has confirmed Stephen Miran, a top economic adviser to President Donald Trump, to the Federal Reserve's board in a 48-47 vote along party lines. Miran has said he will keep his role as chair of the White House Council of Economic Advisers while serving on the Fed, raising concerns about the central bank's independence.

A panel of the US Court of Appeals for the District of Columbia Circuit held that President Donald Trump cannot dismiss Federal Reserve Governor Lisa Cook before the Federal Open Market Committee meeting, allowing her to participate in the two-day event. Trump is attempting to fire Cook over allegations of mortgage fraud, which she denies, but the court upheld a lower ruling preventing her removal while her lawsuit against Trump proceeds.

Plaid will pay for access to JPMorgan Chase's consumer data under a fee structure set in an updated version of the companies' data-sharing agreement. JPMorgan and Plaid did not specify the amount of the fees. They said the updated agreement is intended "to ensure that consumers can access their data safely, securely, quickly and consistently into the future."

Mastercard is expanding the rollout of agentic AI tools such as Agent Pay and Agent Toolkit to assist shopping and payment experiences during the holiday season, beginning with Black Friday. US Bank and Citi are the first bank partners to be announced for the accelerated rollout. The company is working to scale agentic commerce for digital merchants through partnerships with Stripe, Google and Ant International.

MoonPay is acquiring crypto payments startup Meso Network, aiming to enhance support for US banking rails and improve its developer platform. The acquisition positions MoonPay to compete more directly with Circle and Visa in building a global payments network.

US banks tapped the Federal Reserve's Standing Repo Facility for $1.5 billion on Monday, a sign of some minor funding pressure. The borrowing occurred as quarterly corporate tax payments and Treasury debt settlements were due, and analysts said they expect the liquidity pressure to be temporary. The secured overnight financing rate sat at 4.42% to end last week, slightly above the interest on reserve balances.

The Federal Reserve is widely expected to trim interest rates by a quarter point this week as slowing job growth cements the case for easing. Policymakers remain divided on whether to stop at one or two tactical cuts or pursue a longer cycle of stimulus, with potential dissents likely. New projections and Chair Jerome Powell's tone will be closely watched for clues on the Fed's path beyond this initial move.

President Donald Trump has advocated for eliminating quarterly earnings reports, suggesting a shift to semiannual reporting to reduce costs and allow managers to focus on long-term company performance. The Securities and Exchange Commission has required quarterly reports since 1970, but Trump previously asked the agency to review the requirement during his first term, although no changes were made. The Long Term Stock Exchange last week announced plans to petition the SEC to shift toward semiannual reporting.

US Treasurys have outperformed other major sovereign bond markets this year, driven by expectations of Federal Reserve interest rate cuts. Treasurys have returned 5.8% in 2025, the highest among the 15 largest debt markets, as the yield advantage over global peers fell to a three-year low.