On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.

The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.

The project's cost has increased from $1.9 billion to $2.5 billion, but there are other factors behind the Trump administration's concern.

Did Jerome Powell write a July 22, 2025, letter informing President Donald Trump of his resignation as Chairman of the Federal Reserve? No, that's not true: A widely-shared screenshot of such a letter was in fact a fake,

Sen. Bernie Moreno (R-OH) compared Federal Reserve Chairman Jay Powell to Dr. Anthony Fauci in an interview with CNN's Kaitlan Collins. KAITLAN COLLINS, CNN HOST: I think the question that people have had is seeing the president there,

Trump will visit the headquarters of the Federal Reserve today, the White House said. The unusual visit comes as the president has tried to pressure Chair Jerome Powell to lower interest rates and amid criticism by him and top administration officials over the cost of renovations to the building.

Yet another ally of President Donald Trump is questioning Jerome Powell's management of the Federal Reserve, according to a media report on Wednesday. House Speaker Mike Johnson said he's "disenchanted" with the head of the central bank.

Experts met at the Fed to discuss the future of banking regulation, with Chair Powell emphasizing the need for a cohesive capital framework.