Federal Reserve Chair Jerome Powell held a news conference after the central bank cut interest rates by 25 basis points, bringing its benchmark federal-funds rate to a two-year low.

With a recession deepening and the 1982 midterm elections approaching, Federal Reserve chair Paul Volcker was summoned to the Oval Office, where Ronald Reagan was sitting with his chief of ...

Inflation is coming down, growth is brisk, and the job market has remained surprisingly resilient. How long can this last?

It was the third straight hike of this magnitude and the 10th straight rate hike since last March. The central bank’s move last week raised interest rates to a range between 5 and 5.25 percent, a ...

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

President-elect Donald Trump announced over the weekend that he is appointing Stephan Miran, a former Treasury official from ...

The central bank's leaders strive to protect their independence from the White House and avoid commenting on politics or policy proposals. Fed Chair Jerome H. Powell had said for weeks that it was ...

Fed Chair Jerome H. Powell had said for weeks that it was premature to discuss the degree to which the president-elect’s ...

U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one ...

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures ...

Although the quarter-point interest rate cut announced by the Federal Reserve on Wednesday was expected, the Fed’s “tone and forecasting for 2025” has changed, Lisa McCracken, head of the research and ...