President Donald Trump has badgered Federal Reserve Chair Jerome Powell ceaselessly — and unsuccessfully — for aggressive interest rate cuts despite the fact that US inflation is still overshooting th...

For the past half-century, policymakers have taken for granted that the Federal Reserve would seek to maintain control over inflation, and that it had the power to do so.

Trump said earlier today he would nominate former Federal Reserve official Kevin Warsh to replace outgoing chair Jerome Powell when his term expires in the spring.