Federal Reserve Chair Powell's policies are stoking inflation as gold nears $3,000 and commodities surge. Why the White House will win the coming Fed battle.

Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid

Michael Barr defended the Federal Reserve’s independence and oversight role Thursday, two days after the White House issued an executive order that could exert greater control over the central bank’s supervision of financial institutions.

The White House is tightening its control over how the Federal Reserve regulates big banks as part of a new executive order that gives President Donald Trump's appointees more power over independent agencies.

WASHINGTON—President Trump signed an executive order on Tuesday that seeks to give his political appointees far-reaching control over federal agencies that for decades have operated independently of White House influence.

In a sweeping move to assert greater control over federal regulatory agencies, President Biden issued an executive order on Monday mandating stricter White House oversight of rulemaking across the executive branch, including so-called independent regulatory agencies.

The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned observers say.

A White House spokesman had no immediate comment ... orders as appropriate and consistent with applicable law,” Federal Reserve Board Chair Jerome H. Powell told reporters late last month.

A new executive order signed by President Donald Trump on Tuesday seeks to give the White House more control ... has been made for the Federal Reserve’s handling of interest-rate policy.

The Trump administration has debuted a “tip line” for financial institutions and the public to report financial regulators who are still doing their jobs despite a White House “stand down” order.

Donald Trump signed two executive orders and a memorandum on February 18. One orders a study on IVF access, another enforces White House oversight of federal agencies, and the memorandum demands transparency on wasteful spending.

The Trump administration has taken another step to centralize the executive branch with a new order that “reins in independent agencies.” | The White House's latest executive order would give the president greater control over federal agencies typically shielded by cross-term leadership appointments and dismissal protections.