Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.

Jerome Powell advises his successor to stay out of politics and work with Congress as the Fed chair discusses his future at the central bank during a Wednesday press conference.

Michelle Bowman, the central bank’s vice chair for supervision, is slashing staff, changing rules and adding to the tension at the Fed in the process.

If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.

President Donald Trump on Jan. 30 chose former Federal Reserve official Kevin Warsh to head the central bank when Jerome Powell's leadership term ends in May, giving a

The dollar gained strength and President Trump’s decision to nominate a former Federal Reserve governor to lead the central bank as opposed to an outsider has helped stabilize the U.S. currency, Macquarie Group said.

Prices are swinging across financial markets on Friday as investors try to figure out what President Donald Trump’s new nominee to lead the Federal Reserve will mean for them. The initial reactions have been uneasy and sometimes quick to change because of the uncertainty.