Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.

Federal Reserve Chair Jerome Powell has come under fire from the Trump administration yet again, but this time, criticism has been leveled at “mismanagement” of funds. On Thursday, Office of Management and Budget (OMB) Director Russell Vought shared a letter written by him to Powell in which the former pulled up the Fed chair for his “ostentatious

In a renewed political maneuver, President Donald Trump targets Federal Reserve Chairman Jerome Powell over a costly renovation project. The $2.5 billion expenditure on the Fed's headquarters has become a focal point in Trump's demand for Powell's resignation and a push for lower interest rates,

President Donald Trump has once again criticized Federal Reserve Chairman Jerome Powell, saying that he had kept interest rates too high. According to POTUS, the Fed rate is at least 3 points high. Trump wrote on his Truth social website that,