President Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, aiming to replace him with someone who will lower interest rates.

The Bureau of Labor Statistics on Tuesday released June inflation data, showing prices increased from the prior month. Hours later, President Trump called on the Fed to lower rates.

A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.

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.

President Trump escalates pressure on Federal Reserve Chairman Jerome Powell to lower interest rates by targeting the Federal Reserve's costly renovation plans. Trump's tactics include appointing allies to review the renovations and publicly criticizing Powell,

Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans.. The proposal would ...

Trump stated: "There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates." Trump posted on April 17: "Powell’s termination cannot come fast enough!"

Donald J. Trump said presidents should have input on interest rates, a comment likely to stoke fears that he could try to limit the Federal Reserve’s political independence. By Jeanna Smialek ...

Inflation is up, stocks are down, and more tariffs are on their way. Trump wants interest rates to come down but the direction of travel is making it less likely that the Fed will deliver the cuts he wants.