Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

Trump called on a Biden appointee on the Fed Board of Governors, the latest official targeted by the administration, to step down over mortgage fraud allegations.

The president is reportedly considering firing Lisa Cook after one of his housing officials accused her of committing mortgage fraud in 2021.

US Federal Reserve Governor Lisa Cook, the first Black woman on the board, rejects Donald Trump's demand for her resignation over alleged mortgage fraud, vowing to face questions and defend her record ...

On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud.