Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."

President Trump has railed against the Fed’s insular approach to setting financial policy — but he can bring some common sense to federal economic management.

President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central bank to lower interest rates.

On Monday, a second Federal Reserve official signaled an openness to slashing interest rates, following months of President Donald Trump publicly pressing Fed Chair Jerome Powell to do so. Global markets went into a tailspin after Trump in April rolled out sweeping global tariffs targeting almost every major U.

President Donald Trump will head to Texas for a firsthand look at the devastation caused by catastrophic flooding that has killed at least 120 people.

Fed meeting minutes reveal growing divisions among policymakers, with several officials signaling openness to a rate cut this year amid modest inflation pressures and tariff uncertainties, while others favor maintaining the current stance.

Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the