The president has accused Powell of being political and nicknamed him “too late” when it came time to adjusting interest rates.

President Trump has reiterated his criticism of Federal Reserve Chairman Jerome Powell at a White House event. Market Catalysts host Julie Hyman breaks down the details. To watch more expert insights and analysis on the latest market action,

The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.

President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.

US Treasury Secretary Scott Bessent said on Wednesday that the administration is not in a hurry to identify a successor for Powell.

Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.

President Donald Trump kept up his criticism of Federal Reserve Chair Jerome Powell Tuesday but stopped short of saying he should resign. Asked during an Oval Office appearance with Philippine President Ferdinand Marcos Jr.

HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.

Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve after getting caught in the crossfire between President Trump and The Wall Street Journal. Bessent said

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.