The central bank chair and his colleagues also made it clear with their words and actions that they are not yet aligned with Trump's calls for lower rates ahead of any economic slowdown.

President Trump on Thursday criticized Federal Reserve Chair Jerome Powell for holding interest rates steady at the Fed's May 7 meeting, calling him a "fool" for acting "too late" in cutting the ...

Trump also took aim at Federal Reserve Chair Jerome Powell, whom he has criticized in recent weeks for not boosting the economy by lowering interest rates, scaring markets. "You're not supposed to ...

Asked if he would remove Powell before his term as chair ends in 2026, Trump issued his most definitive denial, saying, "No, no, no. That was a total – why would I do that? I get to replace the ...