Fed, Trump and interest rates
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Trump says he's 'highly unlikely' to fire Fed's Powell
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On July 29-30, the Federal Open Market Committee will announce its interest rate policy. Read about the rumors that Fed Chair Powell will not likely address.
US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.
He has faced criticism from the White House and their Republican allies in Congress for his lack of interest in cutting rates, as well as a pricey renovation of the Fed’s headquarters. The central bank’s Federal Open Market Committee is set to meet at the end of this month to consider whether or not to cut rates — something they declined to do at their last meeting,
The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step closer to trying to oust the head of the Fed. Why it matters: Trump wants Powell to cut interest rates,
High-profile criticism of some $700 million in cost overruns is said to be an effort to pressure Jerome Powell to quit.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
In a bold and unusually direct speech to close out last week, Fed Governor Christopher Waller laid out the case for an immediate rate cut. He made it clear that he’s prepared to vote for it before the end of the month, even if others aren’t.
President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.