President Trump on Wednesday said he might call Federal Reserve chair Jerome Powell to press for an interest rate cut. Why it matters: Financial markets slumped when they feared Trump might fire Powell and threaten the Fed's independence,

President Donald Trump could be setting up Fed Chair Jerome Powell as a 'scapegoat' if a recession hits, according to an MSU economist.

The dollar renewed its slide against foreign currencies early Monday after markets digested threats by Trump last week to exert greater control over U.S. monetary policy if the Fe