“The President is extremely troubled by your management of the Federal Reserve System,” Vought wrote in a letter he posted to social media Thursday.

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.”...

"American people want to borrow money cheaply, and they should be able to do that, but unfortunately, we have interest rates that are still too high," White House Press Secretary Karoline Leavitt sai...

There was a general sense among most Federal Reserve officials that interest rates could be lowered by the end of the year, minutes of the Fed’s June 17-18 meeting showed.

A majority of Federal Reserve officials at their meeting last month expected they would be able to resume interest rate cuts this year, but only two of them voiced support for a rate cut as soon as th...

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,