As the Trump administration escalates its deployment of troops in the nation’s capital and vows similar moves elsewhere, leaders of largely Democratic cities across the country are pushing back.

Many legal experts believe that Mr. Trump cannot easily fire any Fed board member, including Ms. Cook, who has not been convicted of wrongdoing.

"I have no intention of being bullied to step down from my position because of some questions raised in a tweet," Cook said.

“The story is out there, and that’s that. I haven’t changed my views,” she told Bloomberg.

Lowering rates while prices are rising and inflation is still above target could send a dangerous message to consumers from a Fed whose credibility in controlling inflation is one of its major assets...

The initiative aims to implement standardized design principles across agencies, reducing duplicative costs while improving both usability and aesthetics.

When Federal Reserve Chair Jerome Powell takes the stage Friday at the annual Jackson Hole, Wyoming, economic forum, he will face pressures ranging from President Trump's repeated calls for his resignation to a recent mix of worrying economic data.

The South African rand strengthened on Friday, boosted by a weaker dollar and a rebound in gold prices, after U.S. Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central ba...

“Powell did what central bankers do best at Jackson Hole — he kept the door open,” said Nigel Green, chief executive of deVere Group.