Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project. “We take seriously the responsibility to be good stewards of public resources as we fulfill the duties given to us by Congress on behalf of the American people,

President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over i...

The controversy over the cost of the renovations has thrust the National Capital Planning Commission, a 12-person panel that was created by Congress in 1924, into a rare political spotlight.

Trump and his allies contend that interest rates are too high and that they are stifling the economy and economic growth.

President Donald Trump ’s critics on Wednesday were stunned after he appeared to forget who appointed Federal Reserve Chair Jerome Powell.