Raphael Bostic remains focused on economic data despite Trump's criticism of Powell, noting that businesses in the southeast are experiencing real price pressures from tariffs.

Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already. Consumers hoping for lower rates as well may be better off if the Fed sticks to its current plan, experts say.

By Brijesh Patel (Reuters) -Gold prices dipped on Thursday, pressured by a firmer dollar and easing market tensions after U.S. President Donald Trump said it was "highly unlikely" he would dismiss Federal Reserve Chair Jerome Powell.

The U.S. dollar experienced fluctuations amid ongoing debates over tariffs' impact on inflation and the Federal Reserve's rate cut expectations. President Trump pressures Jerome Powell, affecting market sentiment.

President Donald Trump is once again intensifying his calls for interest rate cuts while lobbing insults at the source of his frustration, Fed Chairman Jerome Powell. Natasha Sarin discusses the potential impact of Trump firing Powell and the importance of keeping the Federal Reserve nonpartisan.

Major construction work continues at the U.S. Federal Reserve building as U.S. President Donald Trump voices complaints about Fed Chair Jerome Powell, in Washington, D.C., U.S., July 14, 2025. REUTERS/Jonathan Ernst/File Photo (Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington,

President Trump's appointees urged the use of marble in a Federal Reserve renovation to increase transparency, clashing with central bank values. Trump criticizes Fed Chair Powell for cost overruns, possibly signaling mismanagement.

Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.