The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested this year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.

(Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out of the central bank because he hasn't delivered the interest-rate cuts he wants.

The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.

By Courtney Rozen WASHINGTON (Reuters) -Federal employees can get permission to work from home or adjust their hours to accommodate religious fasts and prayers, the Trump administration said on Wednesday,

Attorney General Pam Bondi is touring former Alcatraz prison and the surrounding island, as the Trump administration pushes the idea of re-establishing it as a prison more than 60 years after it was closed.

Trump's former defense attorney Emil Bove faces opposition from former judges and Democrats as his nomination for the Third Circuit Court of Appeals faces first test.

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams declined on Wednesday to comment on President Donald Trump’s attacks on the central bank and what it might mean if the president were to somehow remove the Fed’s leader from office.

Financial news has been breaking fast and furious, thanks to President Trump. Over the past week, he has: Escalated threats of sharply higher tariffs on major trading partners that don’t cut trade deals with him by the end of the month.