The president wants to pack the central bank’s Board of Governors with loyalists, which would grant him greater sway over an institution that is supposed to be independent from the White House.

President Trump’s effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution’s…

Lawyers for the administration told a court it should be “highly deferential” to the president when it comes to firing a Federal Reserve governor “for cause.”

The president wants to pack the central bank’s Board of Governors with loyalists, which would grant him greater sway over an institution that is supposed to be independent from…

The president’s attacks on the central bank’s independence could undermine investor confidence in the institution at a crucial time.