Tensions escalated Tuesday between the Trump administration and the Federal Reserve. After President Donald Trump announced on social media that he was firing an official on the Fed’s chief governing body — something that hasn’t happened before in U.

Explore reverse repurchase agreements (RRP): learn how they function as short-term loans, key benefits, and examples including Federal Reserve operations.

President Trump made it clear he is seeking more control of the Federal Reserve. He said he fired Fed Governor Lisa Cook from the bank's board, but she says she's not leaving and will take the administration to court.

Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed's independence. Experts say he's not the first president to target the central bank, but he's the most public and aggressive.

There’s a powerful weapon President Trump can wield in his fight against the Fed that would be positive for that institution and the economy.

The Federal Reserve announced on Friday it was scrapping a so-called "novel activities" supervision program it created to specifically police banks on their crypto and fintech activities, and instead will integrate that work into its regular bank oversight.