Actions of the central bank can be mistaken. But long history shows that no matter the party, presidents often push for ...

The Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed ...

Federal Reserve Chair Jerome Powell is headed to Capitol Hill today for his twice-yearly testimony before Congress. Expect him to deliver an upbeat assessment of the U.S. economy, while bending over ...

Key Takeaways Federal Reserve Chair Jerome Powell said the Fed will never launch a Central Bank Digital Currency while he is in charge.Powell's comments nixed the possibility of the controversial ...

The Federal Reserve’s key measure of inflation cooled slightly in January, giving investors a glimmer of hope for interest rate cuts.

Kevin Hassett, a key economic adviser to President Donald Trump, said that he will hold regular lunch meetings with Fed Chair ...

Federal Reserve Chair Jerome Powell on Tuesday said he did not believe that Elon Musk or members of his Department of Government Efficiency team have tried to access the Fed's secure payment systems.

Bitcoin surged to over $105,000 on Jan. 30, 2025, hours after the Federal Reserve announced that it would keep interest rates ...

No change in interest rates is expected when the Federal Open Market Committee is scheduled to set rates again on March 19.

The executive order is particularly challenging for the central bank because its insulation from short-term politics helps give it credibility in financial markets.

Austan Goolsbee, president of the Federal Reserve's Chicago branch, talks with The Associated Press about inflation, the job ...