In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.

In an unprecedented move, President Donald Trump said that he’s firing Federal Reserve Governor Lisa Cook — marking a sharp escalation in his efforts to exert greater control on one of the most powerful financial institutions in the world. Trump took ...

A 60/20/20 portfolio strategy that includes 20% gold is a more resilient inflation hedge at a time when U.S. equities are offering historically low upside over Treasuries and investors are demanding higher yields for long-term bonds,

Trump followed up Pulte’s accusation by calling on Cook to resign, in the latest effort by the administration to exert greater control over one of the few remaining independent agencies in Washington. Trump has repeatedly attacked the Fed’s chair, Jerome Powell, for not cutting its short-term interest rate, and even threatened to fire him.

The Fed cut rates Wednesday, resisting Trump’s push for deeper cuts, but looming legal and political battles — including a Supreme Court case — could test its independence.