America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the ...

The Federal Reserve has withdrawn from the international policy group behind its recent push into climate scenario testing. In a 5-0 vote on Thursday, the Fed's Board of Governors opted to leave the ...

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this ...

What’s remarkable is that the Federal Reserve hasn’t yet needed to get involved in any of them. Enjoy the calm while it lasts. I think it’s a good bet that what we are seeing is a rare ...

WASHINGTON, DC - DECEMBER 13: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news ... [+] conference at the headquarters of the Federal Reserve on December 13, 2023 in ...

The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.

WASHINGTON ― The Trump administration ordered all heads of federal departments and agencies Thursday to provide lists of their lowest-performing employees and signaled mass job terminations ...

U.S. stocks closed barely mixed after Federal Reserve Chairman Jerome Powell offered almost nothing new in his testimony before the Senate Banking Committtee. In his first Congressional appearance ...

Federal Reserve Chairman Jerome Powell will likely serve the remainder of his term under the Trump administration through May 2026. AFP via Getty Images The plaintiffs allege that the Fed has been ...

By Madeleine Ngo and Lydia DePillis The Federal Reserve said on Friday that it had withdrawn from a network of global financial regulators focused on climate change risks just days before ...