Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.

The U.S. Federal Reserve's independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July interest rate cut despite a recent divergence in views among policymakers.

The central bank should focus on its dual mandate and not try to solve all the economy’s problems.

A recent CNN poll found that 61% of people oppose the bill while only 39% approve. Fifty-eight percent say Trump has gone too far in cutting federal programs, which most likely reflects the blunt-force DOGE cuts overseen by Elon Musk earlier this year. And in the CNN poll, approval for Trump’s handling of the federal budget was a lowly 37%.

Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures.

WASHINGTON − The Fed’s most aggressive rate-hiking campaign in 40 years may be history. The Federal Reserve raised its key short-term interest rate by a quarter percentage point Wednesday and ...

Tariffs won't fuel inflation, Treasury Secretary Scott Bessent said on Wednesday in a broadcast interview, adding that he thinks the Fed's "analysis of tariffs is a bit off."

A fake resignation letter generated by AI fooled Utah Senator Mike Lee into thinking that Jerome Powell, chair of the Federal Reserve, had quit on Tuesday. The senator tweeted and deleted the fake letter from his personal “basedmikelee” account, which staffers have confirmed that Lee operates directly.