The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

Investors, economists and former U.S. policymakers warn that Mr. Trump has already undermined the next Fed chair by incessantly attacking the central bank and its current leadership and explicitly ac...

The Supreme Court said in May that it could block any attempts by the White House to dismiss Powell, noting as part of a separate ruling that the Fed “is a uniquely structured, quasi-private entity.”...

While generally saying the labor market remains solid and inflation elevated but showing progress toward the Fed’s 2% annual target, the minutes reflect a mixed assessment of whether the tariffs will spur inflation or be more of a one-time hit that will not lead to higher long-term price increases.