Republican U.S. Representative Anna Paulina Luna made good on her threat last week to refer Federal Reserve Chairman Jerome Powell to the Justice Department, Fox News reported on Monday, amid U.S. President Donald Trump's ongoing complaints about the Fed chair.

Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.

AFTER MONTHS of threatening to fire Jerome Powell, President Donald Trump signaled he was backing off. Trump’s rationale—or pretext, if you prefer—for going after Powell is cost overruns and delays in the $2.

US Treasury Secretary Scott Bessent has called for an inquiry into the “entire Federal Reserve institution”, in the latest sign of how top Trump administration officials are cranking up pressure on the central bank.

Fed Reserve Chair Jerome Powell responded to the Trump administration's inquiry about its $2.5 billion headquarters renovation, addressing concerns about cost overruns and project details.

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans.

New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump and his economic team launched fresh criticism of Powell over his approach.