News

Q&A: What Do Federal Reserve Officials Hope to Learn in Two Months?

Setting rates is sometimes more art than science, especially when the economy keeps defying predictions. Fed officials are ...

The Federal Reserve’s power: Congress giveth and Congress can taketh away

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by ...

Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump's pressure

The Fed left its benchmark interest rate unchanged following its July policy meeting amid uncertainty over the impact of ...

Federal Reserve holds its benchmark rate steady at today's FOMC meeting

The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

Sen. Rand Paul favors the prospect of abolishing the Federal Reserve

Republican Sen. Rand Paul indicated that he would support abolishing the Federal Reserve if the U.S. adopted a balanced ...

Tracking Trump: Labor statistics chief fired; a Federal Reserve governor resigns; Trump deploys nuclear subs; and more

Trump fired the labor statistics chief after a negative jobs report. What happened: President Donald Trump announced he had ...

Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...