Trump has used the renovation project as both a literal and symbolic example of what he has often described as government waste. Speaking to reporters last week, Trump called the construction effort “a disgrace,” and accused Fed officials of overspending at a time when inflation remains high and interest rates are biting into household budgets.

In a May 22 ruling, a majority of Supreme Court justices signaled that they believe Trump wouldn't be allowed to fire Powell, arguing the Federal Reserve is "a uniquely structured, quasi-private ...

Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could ...

Philip Jefferson Philip Jefferson, vice chair of the Federal Reserve System, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024. Al Drago—Bloomberg/Getty Images

Readers weigh in on Fed Chair Jerome Powell, private credit, JBS’ labor issues, and the Trump administration’s emerging market behavior.

The research is drawing skepticism. "There's a bazillion other reasons" people don't buy flood insurance, one expert said.

Beth Hammack, the president and chief executive of the Federal Reserve Bank of Cleveland, thinks the Fed needs to maintain its focus on fighting inflation.