On Thursday afternoon, just before golden hour, President Donald Trump threw a white hardhat over his flaxen coif and strode into the Federal Reserve building on Constitution Avenue.

President Donald Trump said he won't fire Jerome Powell following a clash at the Federal Reserve that saw the Fed chair correct the president.

The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

Donald Trump has been bullying Federal Reserve Chair Jerome Powell—calling him “too late,” insulting his intelligence, and trying to gin up a case that Powell spent too much on renovations of the agency’s headquarters as a pretext for firing him.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

The Reserve Bank’s surprise decision to hold rates in July shocked the market. But a new survey finds its credibility has actually improved.

Longer-term interest rates do not always decrease when the Fed cuts short-term rates. Following the Fed's cuts last year, 10-year bond yields increased, hitting a high of 4.8% in January, according to Open Markets. Mortgages are closely linked to the 10-year U.S. Treasury yield.