As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates.

For a moment on Wednesday, it looked like President Donald Trump would finally attempt the improbable and fire Federal Reserve Chair Jerome Powell.

The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.

As speculation swirled Wednesday that President Trump might fire Federal Reserve Chair Jerome Powell, investors scrambled to adjust their strategies, despite Trump later downplaying the possibility, Bloomberg News reported Sunday.

Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.

The relationship between President Donald Trump and Federal Reserve Chair Jerome Powell has been fraught with tension, primarily due to Trump's criticism of the Fed's monetary policy.

Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.