Federal Reserve Chair Jerome Powell refuted allegations of mismanagement in the Federal Reserve Board’s renovation project, responding to concerns raised by White House Budget Director Russ Vought.

Republican senators warned Trump not to fire Fed Chair Jerome Powell, citing risks to market stability and the Fed’s ...

US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed ...

Donald Trump has raised the revamp costs as a potential reason for ousting the US central bank chief, alleging possible fraud ...

Tensions between governments and central banks are common. Governments often prefer low interest rates for economic growth.

President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, ...

A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data ...

Gross co-founded Pacific Investment Management Co., or PIMCO, a top asset manager with $2 trillion under management. As the ...

Fed Chair Jerome Powell responds to criticism from the White House over the costly renovation of Fed headquarters.

Low rates can also inflate financial markets. Investors, unable to generate strong returns in safe assets, such as short-term ...

Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the ...