The Federal Reserve's renovation project was expected to cost $1.9 billion. It now has a $2.5 billion price tag.

A former Reserve Bank governor has lashed out at Donald Trump, calling him a “f … ing idiot” for threatening the independence of US Federal Reserve chair Jerome Powell, as central bankers across the w...

“THERE WILL BE NO MORE OIL OR MONEY GOING TO CUBA – ZERO!” Mr Trump wrote on social media today.

The U.S. attorney’s office in the District of Columbia has opened a criminal investigation into Jerome H. Powell, the Federal Reserve chair, over the central bank’s renovation of its Washington headqu...

The Justice Department's criminal investigation into Federal Reserve chair Jerome Powell is drawing backlash from both Democrats and Republicans.

Some analysts said that the financial market’s muted response reflects a widespread belief that Powell could successfully fend off the allegations that his description to lawmakers of the Fed’s $2.5 b...