The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.

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

The U.S. dollar jumped broadly against major currencies on Wednesday as investors heaved a sigh of relief after President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell following his recent attacks.