Can Trump fire Fed Chair Jerome Powell?

The president isn’t happy with the Federal Reserve’s interest rate hikes.
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve, Jerome Powell, speaks during a press event at the White House last year.
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Minneapolis Fed President Neel Kashkari says raising interest rates too soon could lead to a recession

The Federal Reserve has raised interest rates for the fourth time this year.
Neel Kashkari, then the acting interim assistant secretary for financial stabilization at the Treasury Department, arrives for a hearing on Capitol Hill back in 2009.
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Interest rates: where they hurt and where they help you

Dec 19, 2018
The Fed has hiked interest rates for the fourth time this year. Here’s how this major decision could affect your savings and borrowing rates.
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Fed lifts rates for 4th time this year but sees fewer hikes

Dec 19, 2018
The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed’s benchmark rate to its highest point since 2008.
Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington, DC, September 26, 2018.
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What is a "neutral" interest rate?

Nov 29, 2018
Fed Chairman Jerome Powell said interest rates were just below neutral. We break down what that means.
Federal Reserve Chairman Jerome Powell speaks at the Economic Club of New York on November 28, 2018 in New York City. Following news that Powell said interest rates are close to neutral, stocks rose in afternoon trading.
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What effects will a cooling housing market have on the economy?

Nov 8, 2018
The Federal Reserve has been raising short-term interest rates, but long-term borrowing costs have been rising, too. Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage rose to 4.94 percent, a nearly seven-year high. Those higher costs are taking a bite out of demand. For example, mortgage applications fell to a four-year […]
Different methods of calculating consumer inflation have different ways of accounting for the movement of home prices.
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Home buyers navigate sluggish housing market

Oct 24, 2018
Sales of new and existing homes haven't been this slow for years, so what's a buyer to do?
 A 'For Sale' sign sits in front of a new home May 27, 2004 in Miami, Florida. 
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For public good, not for profit.

Home buyers navigate sluggish housing market

Oct 24, 2018
Sales of new and existing homes haven't been this slow for years, so what's a buyer to do?
 A 'For Sale' sign sits in front of a new home May 27, 2004 in Miami, Florida. 
Joe Raedle/Getty Images

FICO scores are going to change. Here's how.

The Ultra FICO could make it easier for people with imperfect scores to qualify for credit.
Justin Sullivan/Getty Images

FICO scores are going to change. Here's how.

The Ultra FICO could make it easier for people with imperfect scores to qualify for credit.
Justin Sullivan/Getty Images