A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.

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

The Federal Reserve, or Fed, is the central bank of the United States. It is made up of twelve district banks that are supervised by a Board of Governors. Basically, the Fed oversees banks, protects consumers and keeps our financial system stable.

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.

Sen. Bernie Moreno (R-OH) compared Federal Reserve Chairman Jay Powell to Dr. Anthony Fauci in an interview with CNN's Kaitlan Collins. KAITLAN COLLINS, CNN HOST: I think the question that people have had is seeing the president there,

President Donald Trump is visiting the Federal Reserve headquarters in Washington Thursday, a week after indicating that Fed chair Jerome Powell's handling of an extensive renovation project on two Fed buildings could be grounds for firing.

The project cost has increased from $1.9 billion to $2.5 billion but there are other factors behind the Trump administration's concerns.

On Dec. 23, 1913, President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation ...

California Congresswoman Nancy Pelosi Defends Federal Reserve Independence on House Floor: “The Fed Chair Can’t be a Party Hack” (Video)