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

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.