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 ...

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 ...

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 ...

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.

The Federal Reserve has withdrawn from the international policy group behind its recent push into climate scenario testing.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 ...

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 ...