News

White House Seeks to Inspect Fed Renovation in Bid to Pressure Powell
Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access ...
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank's building ...
Fed officials grow more outspoken—and split—over interest rate cuts
Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation ...
Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It.
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans.
Trump Is Poised to Grab Control of the Fed Next Year
President Donald Trump wants the Federal Reserve to slash interest rates by three percentage points, a massive cut that could push borrowing costs back to pandemic lows. With two seats at the Fed ...