Chair Jerome Powell’s removal would enable the president to appoint a successor, most likely someone inclined to lower the Fed’s policy rate.

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

The situation has the potential to plunge the U.S. central bank into crisis and test one of the underpinnings of the global financial system: the Fed's monetary policy independence from political med...

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been ...