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.

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.

A federal judge agreed Thursday to issue a new nationwide block against President Donald Trump’s executive order seeking to end birthright citizenship.

A U.S. appeals court on Thursday placed a brief pause on a judge's ruling that had blocked President Donald Trump's administration from stripping hundreds of thousands of federal workers of the ability to engage in union bargaining with U.

President Donald Trump slammed a pair of Democratic lawmakers for introducing a bill that would require ICE and CBP agents to not wear face masks.

President Donald Trump said his administration is weighing whether to take control of the city of Washington, DC, to help combat crime, in a move that would represent a dramatic upheaval to the capital’s half-century of home rule.

The U.S. Supreme Court on Tuesday cleared the way for Donald Trump's administration to pursue mass government job cuts and the sweeping downsizing of numerous agencies, a decision that could lead to tens of thousands of layoffs while dramatically reshaping the federal bureaucracy.

Trump extended a federal hiring freeze until Oct. 15, with exceptions for the military, immigration enforcement and national security.