Unlike the Pentagon and a new weapons system that has blown through its budget, the Fed and its operations are funded differently.

Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.

Mr. Trump has let it be known that he does not want to have to fight the Federal Reserve about getting and keeping a strong U.S. economy. For one thing, the economy is growing at a very reasonable ...