In the worst-case scenario, the firm said Trump could try to fire Powell outright or appoint a “shadow” Fed chair to pressure him into resigning. Any interference with the Fed could threaten the U.S.

The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.

President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open ...

US Treasury Secretary Scott Bessent called Monday for the Federal Reserve to conduct an “exhaustive internal review of its ...

Treasury Secretary Scott Bessent defend President Trump while talking about who made the decision to not fire Fed Chair Jerome Powell. Bessent said "Newspapers like the Wall Street Journal are not ...

Crypto traders are eyeing rate cuts this year amid a growing standoff between President Trump and Fed Chair Jerome Powell.

Asian share markets drifted lower after scaling a near four-year peak on Tuesday ahead of a slate of corporate earnings, ...

Vance and his family have a trip scheduled for the Cotswolds, a countryside region in Southwest England often frequented by ...

President Donald Trump, some days back, reportedly wanted to fire Fed chair Jerome Powell, but did not go through with it.

Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.

U.S. Treasury Secretary Scott Bessent warned that the Federal Reserves independence on monetary policy is under threat due to ...