The Federal Reserve weighs interest rate cuts as the Iran war complicates the inflation fight. Rising oil prices have created a challenging policy dilemma for the central bank.

Powell says he would remain as Fed chief and stay on the board — as Trump’s efforts to reshape the Fed run into legal and political roadblocks.

"I have known Kevin for a long period of time, and have no doubt that he will go down as one of the great Fed Chairmen."

Kevin Warsh's path to leading the Federal Reserve faces a hurdle as a Senate member holds up the nomination over ongoing Justice Department probe concerns.

Kevin Warsh’s path to becoming the next Federal Reserve chair is already rocky — and it may be approaching a major roadblock, casting fresh uncertainty about who will be leading the central bank at a critical moment for the economy.

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.

A US federal judge has blocked subpoenas from the Trump administration targeting the Federal Reserve as part of a criminal probe into Chair Jerome Powell, according to court documents made public earlier today.

U.S. ⁠President ​Donald ‌Trump said ‌on ⁠Thursday said "I'm ⁠not putting troops ​anywhere" ​when asked ⁠whether he ⁠was ⁠planning to ​send soldiers ​to ⁠the ⁠Middle East region amid ⁠the Iran war. (Reporting by Trevor Hunnicutt,