Trump and the Fed drama takes a wild turn nobody saw coming and the shocking developments will completely change monetary policy forever.

Michael Schaffer is a senior editor and columnist at POLITICO Magazine. He has covered national and local politics for over 20 years and spent seven years as editor-in-chief of the Washingtonian. His Capital City column chronicles the inside conversations and big trends shaping Washington politics.

To allow an individual, or group of rogue political insiders to second guess professionals at the Fed would be a monumental mistake.

The Eccles Building controversy is fast becoming a political flashpoint. Powell is facing pressure from multiple sides, Trump is urging interest rate cuts, lawmakers are demanding transparency, and watchdogs are warning of a breach of public trust.

Federal Reserve Chairman Jerome Powell testifies at a House Financial Services Committee hearing on Capitol Hill in Washington, D.C., on Sept. 30.

Federal Reserve Chairman Jerome Powell sold up to $5 million worth of stock last October, according to a new financial disclosure form, shortly before the Dow Jones Industrial Average cratered.

In 2019, Elissa Leonard, Powell’s wife, became embroiled in a controversy over a new Chevy Chase dog park. Leonard was (and evidently still is ) chair of the Chevy Chase Village Board of Managers.

President Biden has chosen to keep Jerome Powell in place for a second term as Federal Reserve chairman — a move that signals continuity with the central bank's policies at a time when the ...

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.