Powell said the Fed wants to “deliver a good economy for the benefit of the American people, and that’s it.” “Anything else is kind of a distraction," Powell added.

"The time has come for policy to adjust," Powell said at the Federal Reserve's annual economic conference in Jackson Hole, Wyoming. "The direction of travel is clear, and the timing and pace of rate ...

Trump meanwhile, on social media Tuesday repeated his false claim that the European Central Bank has cut its key rate ten times while the Fed has not cut at all. In fact, in the last 12 months the ECB ...

The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S.