President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step closer to trying to oust the head of the Fed. Why it matters: Trump wants Powell to cut interest rates,

Traders are growing increasingly confident that the Federal Reserve will cut interest rates in September amid the public feud between President Donald Trump and Fed Chair Jerome Powell. The market sees a 54% chance of the central bank lowering borrowing costs in September,

The Bureau of Labor Statistics on Tuesday released June inflation data, showing prices increased from the prior month. Hours later, President Trump called on the Fed to lower rates.

A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.

The yearslong project to spruce up central bank buildings in Washington, D.C., received little attention until recently