A fake resignation letter generated by AI fooled Utah Senator Mike Lee into thinking that Jerome Powell, chair of the Federal Reserve, had quit on Tuesday. The senator tweeted and deleted the fake letter from his personal “basedmikelee” account, which staffers have confirmed that Lee operates directly.

The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.

On July 22nd, Jerome Powell, the Fed chair, responded to questions on Trump tariffs, calling it 'uncertain,' noting that possible developments could significantly alter many aspects of the upcoming economic outlook. He reiterated that interest rate decisions are highly data dependent.

For the moment, our central forecast still sees the Fed remaining on hold throughout 2025. For 2026, we have changed our base case to feature one additional rate cut in the first half, which would take the fed funds rate to neutral levels by the end of that year.

Larry Lindsey, The Lindsey Group CEO, joins 'The Exchange' to discuss the future of the Fed and Trump's continued scrutiny of the Fed Chair Powell.

Economist Clifford Winston joined "Forbes Newsroom" to discuss President Donald Trump's recent criticisms of Federal Reserve chair Jerome Powell.

The over budget renovation of the Federal Reserve's headquarters draws criticism from the Trump administration and raises pressure on Chairman Jerome Powell.

The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.

The Fed had initially offered an after-hours visit scheduled for Friday evening, which the White House rejected.