What’s the context? Trump has long sought to exert more control over the Fed’s decision-making and to oust Powell, as well as Fed board member Lisa Cook. But members of the Fed board can only be fired “for cause” — which the Trump administration has previously interpreted to include pretextual allegations of criminal activity.

In modern financial markets, interest rates often move long before central banks act. Over the past week, one of the most discussed and searched

U.S. Attorney Jeanine Pirro, who is leading the investigation, said in a social media post Monday night that her office “makes decisions based on the merits, nothing more and nothing less.” Powell announced on Sunday that he received grand jury subpoenas relating to his statements about the cost of renovations to the Federal Reserve headquarters.

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. 2026 Golden Globes full coverage: List of ...

The US Federal Reserve announced it is withdrawing guidance that served to deter banks from engaging in crypto and stablecoin activities. ”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide ...