For example, central bank independence seems to go hand-in-hand with lower inflation when the rule of law is strong. But, in the absence of rule of law, the relationship breaks down. Perhaps well-governed countries tend to produce well-run central banks, regardless of de jure independence.

President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates.

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how regulation of the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress.

Fielding a range of questions about the imprint of the Trump administration on the U.S. central bank, Federal Reserve Chair Jerome Powell on Wednesday said that politics had not prompted the Fed's decision to leave a global climate-focused group,

The president blamed inflation on the Fed’s supposed focus on “DEI, gender ideology, ‘green’ energy, and fake climate change.”

Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.

Federal Reserve Gov. Michelle Bowman is widely seen as the president's most likely choice for vice chair for supervision, a position soon to be vacated by Michael Barr. But while Bowman is the administration's most straightforward option,

The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.

Trump commented after the Federal Open Market Committee voted unanimously to keep the federal funds rate in a range of 4.25%-4.5%

Federal Reserve Chair Jerome Powell reaffirmed the central banks independence on Wednesday, emphasizing that politics will not influence interest rate decisions or the Feds recent withdrawal from a global