Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.

A recent letter from the White House is raising eyebrows in Washington — with some analysts speculating it may be part of a broader push to remove Federal Reserve Chair Jerome Powell. The letter, issued by the White House Office of Management and Budget (OMB),

President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an intensifying campaign demanding interest rate cuts.

The Trump administration is investigating Fed Chair Powell's testimony about the central bank's renovation project amid Trump's calls for Powell and the Fed to lower interest rates.

JPMorgan Chase CEO Jamie Dimon said on Thursday he thought the financial market was underestimating the possibility of U.S. interest rates climbing higher, a prospect he described as a "cause for concern".

Trump, who has repeatedly slammed Powell over his unwillingness to slash interest rates, added that his nemesis “should resign immediately” if the investigation proves he misled

But their presence made a lot more sense when the new commissioners spoke up — and promptly took aim at one of Trump’s political foes, Federal Reserve Chair Jerome Powell. Powell has resisted Trump’s demands to lower interest rates.