Federal Reserve Chair Jerome Powell was expected to be grilled by U.S. lawmakers Tuesday about when the central bank will resume its interest rate cutting campaign after pausing last month amid ...

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 ...

A hotter-than-expected inflation report from January and uncertainty over the impact of President Donald Trump's tariff plans on consumer prices could factor into the Federal Reserve's rate-cut ...

The next stage of the Trump administration’s efforts to slash the federal workforce is underway. Agency leaders have been told to begin preparations for large-scale layoffs, known as reductions ...

A federal judge declined to further pause a federal government buyout program, enabling the government to forge ahead with its “Fork in the Road” program. U.S. District Judge George O’Toole ...

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 ...

Senate Republicans are urging President Trump to respect the rulings of federal judges who have blocked his executive actions to freeze spending on federal grants and loans, dismantle the U.S ...

Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the impact of a potential trade war. © FT ...

The Trump administration is appealing a federal judge's order to unfreeze federal funding in the United States Court of Appeals for the First Circuit. The motion comes hours after a federal judge ...

One judge halted the administration’s ill-conceived freeze of federal funding. Another put a stop to the Musk team’s smash-and-grab acquisition of federal payment systems and personnel files.

Sen. Adam Schiff, D-Calif., called on multiple federal agencies to exempt federal seasonal firefighters from President Donald Trump's executive order implementing a federal hiring freeze.