President Donald Trump said that he knew three or four individuals among whom he will pick the next Federal Reserve chair. Referring to the current Fed Chair Jerome Powell, Trump said, "He is an average mentally person.

Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of Congress on Tuesday.

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Do