Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
Federal Reserve policymakers on Wednesday voted to hold interest rates steady, keeping borrowing costs elevated for millions of households and businesses.
What could a Federal Reserve rate cut mean for your wallet?
The Federal Reserve is widely expected to cut interest rates this year, which could provide some reprieve for Americans crushed by steep borrowing costs.
Trump says he would allow Fed Chair Powell to finish his term if re-elected
Former President Donald Trump said in an interview with Bloomberg that he would allow Jerome Powell to finish his term as chair of the Federal Reserve.
Fed's Powell says officials won't wait until inflation reaches 2% to cut rates
Federal Reserve Chair Jerome Powell said Monday that policymakers will not wait until inflation falls to 2% before they pivot to cutting interest rates.
Fed's Powell condemns Trump assassination attempt: A 'sad day for our country'
Federal Reserve Chair Jerome Powell said the attempted assassination of former President Donald Trump over the weekend was a "sad day" for the country.
Fed's Powell says more 'good' inflation data would bolster the case for rate cuts
Federal Reserve Chair Jerome Powell said Tuesday while testifying on Capitol Hill that recent inflation readings have shown "modest further" progress.
Labor market nearing pre-pandemic conditions, Fed report says
The Federal Reserve said in a report to Congress that the U.S. jobs market is back in a "tight but not overheated" situation that it was in prior to the onset of the COVID pandemic.
Fed's Powell: Prices are ‘back on disinflationary path,’ but more confidence is needed
Federal Reserve Chair Jerome Powell said Tuesday during a central bank forum in Portugal that recent inflation readings show "quite a bit of progress."
Fed's Bowman sees no interest rate cuts this year
Federal Reserve Governor Michelle Bowman said Tuesday that it is premature to lower interest rates until there is more evidence that inflation is cooling.
Fed holds rates steady at 23-year high, projects just one cut this year
Federal Reserve policymakers on Wednesday voted to keep interest rates unchanged again as inflation in the U.S. remains notably higher than their 2% target.
The US economy is facing its 'two biggest issues' in one day. What to know
The U.S. economy faces a rare doubleheader on Wednesday, with fresh inflation data due in the morning and a Federal Reserve decision coming hours later.
Americans' inflation expectations creep higher again, key NY Fed survey shows
A New York Federal Reserve survey published on Monday found that many American consumers expect inflation to remain abnormally high in the coming years.
Inflation measure closely watched by the Fed rises 0.3% in April
The Federal Reserve's favorite measure of tracking inflation climbed 0.3% in April as American families continue to grapple with elevated consumer prices.
Fed's Bostic signals central bank unlikely to cut interest rates in July
Atlanta Federal Reserve President Raphael Bostic signaled Thursday that he would not support an interest rate cut in July amid signs of sticky inflation.
Fed meeting minutes show some 'willingness' to hike rates again
Federal Reserve officials expressed concern during their May policy-setting meeting that inflation within the economy could remain uncomfortably high.
High inflation is still a burden to Americans – especially parents, Fed survey shows
A new report published by the Federal Reserve shows that a majority of Americans think that elevated inflation made their financial lives worse in 2023.
Fed's Powell says confidence that inflation will slow is 'not as high' as before
Federal Reserve Chair Jerome Powell on Tuesday stressed that central bankers need to be "patient" before cutting interest rates amid still-high inflation.
Americans expect high inflation to stick around in latest NY Fed survey
A New York Federal Reserve survey published on Monday found that many American consumers expect inflation to remain abnormally high in the coming years.
Euro stock ETFs jump after Bank of England rate talk
Like the Federal Reserve, the Bank of England is battling inflation. However, Governor Andrew Bailey is a little more optimistic about future rate cuts than Fed Chair Jerome Powell.
Fed Chairman Powell finds lowering rates too easy to swallow
Fed Chairman Jerome Powell made some of the right moves, but failed the delayed gratification test and signaled that he would lower rates. Why? He bowed to political pressure, of course.