In a call with reporters, JPMorgan’s chief financial officer, Jeffrey Barnum, indicated the industry was willing to fight with all resources at its disposal to stop the Trump administration from capping those rates.

Criminal probe of Fed Chair Powell marks escalation in Trump's battle with central bank while shortlist emerges for Powell's potential replacement.

Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.

In 2017, Trump nominated Powell, who was already a member of the Fed's Board of Governors, to lead the central bank. Since then, Trump has soured on Powell and at times has mused about firing the Fed chair, though legal experts have disputed whether any president would have the power to do so.

President Trump’s campaign to exert more control over the Federal Reserve ramped up over the weekend. Here are the basics on the situation.

President Donald Trump called Federal Reserve Chair Jerome Powell either "incompetent" or "crooked." The latest attack came as Trump's Department of Justice faces growing Republican opposition over its criminal investigation of the central bank leader.

Central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell.

President Donald Trump denied that he was involved in the Justice Department's decision to subpoena the Federal Reserve. Chair Jerome Powell said the Federal Reserve was being targeted for making decisions that “serve the public" rather than the president’s “preferences.