In a speech on Sunday, the Fed chair, who has been subject to extensive criticism by President Donald Trump, defended the central bank’s decision to cut its key interest rate to nearly zero.

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Tens of thousands of workers have already been fired in just the first five months of the Trump administration, CNN reported. But the Supreme Court in a ruling said that there’s one federal worker that Trump can’t just summarily dismiss: the chairman of the board of the Federal Reserve system.

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.

Federal Reserve Chair Jerome Powell's tenure is up in a year, so as the central bank puts together its final framework under his leadership, it's useful to consider his legacy at the helm of arguably the world's most powerful financial entity.

There are three factors that explain why the the Trump administration is doing a full-court press on Powell to lower rates.

Federal Reserve Chair Jerome Powell, in a Princeton commencement speech, defends the central bank's response to the COVID-19 crisis and praises government workers and U.S. universities, both targets of Trump.

A proposal for the U.S. Federal Reserve to release detailed economic forecasts after some of its meetings to anchor the discussion of monetary policy is drawing fire from the heads of its regional banks who worry it will be hard to agree on a common outlook and risks further confusing the public.