The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.

Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."

Office of Management and Budget Director Russel Vought, in a letter addressed to Powell and posted on social media platform X, said: "Instead of attempting to right the Fed's fiscal ship, you have plo...

The Trump administration is once again ramping up pressure on Federal Reserve Chair Jerome Powell—this time over a costly renovation of the central bank’s Washington headquarters that it says may have...

A federal judge temporarily blocked President Donald Trump's effort to restrict birthright citizenship across the country and granted class-action status to infants who would be affected by the presi...

A federal judge in New Hampshire will hear arguments Thursday on whether to certify a class-action lawsuit that would include every baby affected by President Donald Trump’s restrictions on birthrigh...

Laplante wrote in his ruling on Thursday that petitioners in the class-action case “have demonstrated likelihood of success on the merits of their claims” and “are likely to suffer irreparable harm” ...

Fed Chair Jerome Powell has sketched out new conditions that could trigger rate cuts by summer’s end, but inflation remains a big question