Bond traders’ big bet that the Federal Reserve is poised to lower interest rates faces a key moment this week as Chair Jerome Powell gets a chance to weigh in on the economy.

Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole,

We look at the showdown between US President Donald Trump and the head of the US central bank, Jerome Powell, who was appointed by President Trump in 2017 during his first term. We’ll hear how the relationship appears to have broken down - and try and work out what happens next. If you'd like to email the programme, email [email protected]

In a post on his Truth Social social-media network, Trump again urged the Fed to lower interest rates, writing: “I am … considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.”

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

Ga., plans to introduce his TOO LATE Act, which would change the Federal Reserve Act to give President Donald Trump more wiggle room to fire Federal Reserve Chair Jerome Powell.

Trump returned to his sharp critiques of the Fed chair, saying: “Jerome ‘Too Late’ Powell must NOW lower the rate” after the inflation report came in a bit cooler than expected.

President Donald Trump said on Wednesday that he has narrowed down the list of candidates to replace Federal Reserve Chair Jerome Powell to "three or four" names.