Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.

Without independence, the Fed couldn’t be trusted to give priority to low inflation over the president’s other priorities.

As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest ...

The Federal Reserve, under the leadership of Chairman Jerome Powell, is facing an unprecedented wave of scrutiny from Capitol ...

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear ...

Amid reports that President Trump may fire the head of the Federal Reserve, Speaker Mike Johnson (R-La.) said Wednesday that it’s unclear if the president has the power to do it.

Tensions between Fed Chair Jerome Powell and Trump have intensified over the central bank’s interest rate decisions and ...

Donald Trump has renewed his attacks on Federal Reserve Chair Jerome Powell, calling for his immediate resignation in a post on Truth Social. The US president posted a link to a news report ...

Fed Chair Jerome Powell says Trump’s tariffs are a major reason for delaying interest rate cuts, citing global uncertainty and inflation concerns.

WASHINGTON— Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump's ...

Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain.

Federal Reserve Chair Jerome Powell spoke Tuesday morning from the European Central Bank’s annual retreat in Portugal as he faces heavy criticism from President Trump and the White House over… ...