Trump has urged the Fed to significantly lower interest rates.

Central bankers cut rates three times last year, but are cautious about lowering borrowing costs any further due to a weakening job market. President Donald Trump has said his pick for a new Fed Chair ...

Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil ...

The announcement caps an extensive search that started in September and was spearheaded by Treasury Secretary Scott Bessent, who presented final candidates to the president.

Supreme Court weighs whether Trump has broad authority to fire Federal Reserve Governor Lisa Cook, who Trump alleges committed mortgage fraud but hasn't been charged.