Nick Timiraos

Jerome Powell was prepared to go to court when the president floated his dismissal six years ago. If it happens again, the Fed chair might have to pay the legal tab himself.

Jerome Powell was prepared to go to court when the president floated his dismissal six years ago. If it happens again, the Fed chair might have to pay the legal tab himself.

The central bank has lowered interest rates by 0.75-point since September.

Officials lowered interest rates by a combined 0.75 point at their last two meetings.

A Federal Reserve official said the central bank could eventually need to slow down the pace at which it is lowering rates and said it was too soon to say whether that should happen at the central bank's meeting next month.

President Biden hadn’t even been inaugurated when he and his senior advisers made a monumental gamble in January 2021 that would reverberate through his presidency.

Investors widely expect a third-in-a-row rate cut this week. Officials are ready to slow—or even stop—lowering rates after that.

Investors widely expect a third-in-a-row rate cut this week. Officials are ready to slow—or even stop—lowering rates after that.

Officials try to find a path to a “normal” rate under the second Trump presidency. Investors see an interest-rate cut by the Federal Reserve this week as all but certain.

Fed officials are trying to figure out the just-right interest rate. Some think they might already be close to that destination.