US Federal Reserve

US Federal Reserve

The Federal Reserve seal is seen during Chairman Jerome Powell news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, US, January 29, 2020/ Reuters

Why the Federal Reserve has historically remained independent of the White House

The Fed, by raising or lowering interest rates, wields enormous influence over growth, inflation, and jobs

Lisa Cook testifies before a Senate Banking Committee hearing on her nomination to be a member of the Federal Reserve Board of Governors (for a second term), on Capitol Hill in Washington, US, June 21, 2023. Photo: REUTERS/Jonathan Ernst/File Photo

Trump says he is firing Federal Reserve Governor Cook over mortgage loan allegations

US dollar banknotes are seen in this illustration taken May 4, 2025. Photo: REUTERS/Dado Ruvic/Illustration

Dollar tumbles, traders bet on more US rate cuts after weak jobs report

Dr. Adriana Kugler, member of the Board of Governors of the Federal Reserve, speaks to The Economic Club of New York in New York City, US, June 5, 2025. Photo: REUTERS/Kylie Cooper/File Photo

Investors react to Kugler's resignation, firing of BLS commissioner

US President Donald Trump walks after disembarking Marine One as he arrives at the White House in Washington, DC, US, July 6, 2025. Photo: REUTERS/Ken Cedeno/ File Photo

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

Federal Reserve Chair Jerome Powell. Photo: Reuters

Trump says he's not planning to fire Fed's Powell

Federal Reserve Chair Jerome Powell. Photo: Reuters

Investors seek protection from risk of Fed chief's ouster

US Federal Reserve Chair Jerome Powell speaks at a press conference, following a two-day meeting of the Federal Open Market Committee on interest rate policy, in Washington, DC, US, March 19, 2025. REUTERS/Nathan Howard/File Photo

Fed sees rising risks to economy as it leaves rates unchanged

IMF Managing Director Kristalina Georgieva holds a press briefing during the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 24, 2025. REUTERS/Ken Cedeno

World breathes sigh of relief as Trump spares Fed, IMF

US President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the US Federal Reserve, speaks at the White House in Washington, US, November 2, 2017. Photo: REUTERS/Carlos Barria/File Photo

Trump says he has no plans to fire Fed's Powell; market jumps

An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. Photo: REUTERS/Alexander Manzyuk/File Photo

Gold hits record, stocks slip as Trump fuels Fed fears

US President Donald Trump gestures with Jerome Powell, his nominee to become chairman of the US Federal Reserve at the White House in Washington, US, November 2, 2017. Photo: REUTERS/Carlos Barria/File Photo

What's known about whether Trump can fire Powell from the Fed

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS

Dollar slides as Fed independence under threat from Trump