Jerome Powell

Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more "overworked" than "overstaffed" in pushback against Elon Musk.

Elon Musk put the Federal Reserve on notice that the central bank could face an audit from his Department of Government Efficiency after he claimed the Fed is "absurdly overstaffed."

Federal Reserve Chair Jerome Powell pushed back on billionaire Elon Musk's claim the central bank is "absurdly overstaffed," saying the Fed has a careful budget process.

President Donald Trump blasted the Federal Reserve and Chair Jerome Powell on social media Wednesday for pausing rates cuts against the president's wishes.

The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.

The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.

The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.

The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.

The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.

President-elect Trump said in an interview that he won't try to fire Federal Reserve Chair Jerome Powell despite his past criticism of Powell and the leadership of the central bank.

Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.

Federal Reserve Chair Jerome Powell said at an event that policymakers aren't in a rush to reach a "neutral" level for interest rates and will respond to economic data as it comes in.

Federal Reserve Chair Jerome Powell said he wouldn't step down if President-elect Trump calls for his resignation and that the president can't remove or demote Fed governors.

The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.

The Federal Reserve will announce its next interest rate move on Thursday in the wake of the U.S. election, with markets expecting the central bank to cut rates by 25 basis points.

The Federal Reserve delivered a gift to investors with a jumbo rate cut and the promise of more to come. But will rates return to the record lows we saw during the pandemic?

Investors celebrated the Federal Reserve's super-sized interest rate cut and what is likely the start of a longtime coming easing cycle that should lower borrowing costs for consumers and businesses.

Federal Reserve Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 basis points, saying she would have preferred a smaller cut.

Federal Reserve Chair Jerome Powell said at a press conference that the influx of migrants into the U.S. has contributed to the rise in the unemployment rate as they enter the labor market.