Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access ...

President Donald Trump’s pressure campaign against the Federal Reserve and Chair Jerome Powell to lower interest rates ...

The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work?

President Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates ...

The Fed has long maintained independence from the White House to avoid political pressures influencing monetary policy.

President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after ...

Federal Reserve Chairman Jerome Powell responded to OMB director Russ Vought’s stern letter by pointing him to a public ...

A dispute over the Federal Reserve’s renovation of its headquarters could provide the pretext to attempt the removal of Fed ...

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank’s ...

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell ...

The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.