She is currently a full-time staff writer at Investopedia and one ... benchmark rate by a full percentage point. Previously, the Fed had held its key rate at a historic 23-year high for 14 months.

Powell heads the Federal Reserve, the central banking system that operates as an independent entity free from political ...

It marks the second time the Fed's paused a rate change since its three back-to-back cuts in September, November and December, dropping the Fed rate by a full percentage point in its continued ...

Cleveland Fed President Beth Hammack said Thursday she ... "I think we need to be patient. I think this is a time when we want to make sure we're moving in the right direction, than moving too ...

Trump's wide-ranging tariffs have been dubbed "worse than the worst-case scenario," but the specifics of the plan and what it ...

At the same time, tariffs bring increased uncertainty ... leaving the Fed in a difficult position. Broadly speaking, the Fed lowers interest rates to strengthen a weak economy and raises interest ...

Corrections & Clarifications: This story's headlines have been updated to more accurately reflect that Chicago Fed president Austan Goolsbee was speaking ... “For the time being, we are well ...