President Donald Trump’s bid to fire Lisa Cook from the Federal Reserve is now at the Supreme Court. It’s the latest legal test of Trump’s power in his second term, and it carries great practical implications for the economy.

Trump is the first president to try to fire a Federal Reserve governor. The law's "for cause" removal requirement has never been tested in court.

The Federal Reserve's two-day policy-setting meeting begins Tuesday. Policy committee members may be divided on their decision and forecasts.

Federal Reserve Chair Jerome Powell on Wednesday explained why the three missions Congress imposed on the central bank add up to two in real-world conditions.

The Federal Reserve won't use its unconventional policy tools to lower the government's borrowing costs, said former New York Fed President Bill Dudley. If the 10-year yield were rising in a "relatively orderly way" to 5% or 6% because people were unhappy with the outlook for the federal deficit,

WASHINGTON (AP) — After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.

The Federal Reserve’s September meeting could be the most consequential of the year, from personnel to policy matters.

New Federal Reserve governor Stephen Miran was the lone dissenter from the central bank's decision to trim rates by a quarter of one percentage point. Miran, who was President Donald Trump's top economist before joining the central bank,