The meeting also assumes importance due to the recent controversy surrounding the alleged improprieties in the $2.5 billion renovation of the Federal Reserve headquarters.

New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.

Obama and sometimes Clinton aim at Trump. Trump goes after Biden and Obama. It’s a rare battle of the presidents.

President Trump has denied plans to fire Federal Reserve Chair Jerome Powell despite frequent criticism. The issue has caused market fluctuations and debate within political circles. Republican Senator Thom Tillis has defended the Fed's independence,

Key Points Donald Trump is publicly pressuring Fed Chair Jerome Powell to cut interest rates sooner, while exploring controversial arguments—including costly Federal Reserve renovations—as potential grounds for dismissal.

Secretary of State Marco Rubio and Middle East Special Envoy Steve Witkoff are meeting with Prime Minister Benjamin Netanyahu at Blair House on Monday ahead of his dinner with President Donald Trump, a White House official confirmed to ABC News.

In a CNBC interview, Treasury Secretary Scott Bessent suggested for a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. The comments come amid an intensifying conflict between the White House and the central bank.

PN Economics Editor Bill Wood discusses how the Trump administration’s tariff policies have contributed to a sharp decline in the value of the U.S. dollar. Wood emphasizes the growing pressure on Fed Chair Jerome Powell and outlines potential risks if political interference undermines market confidence.

The Federal Reserve was already wrestling with a lot of uncertainty about the future path of monetary policy, and President Trump’s strike on Iran's nuclear sites will likely make that path even more uncertain in the near term.