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The uncomfortable fact about its historic run is that no one is sure why it’s happening—or what could bring it to an end.
The White House summoned reporters to the Oval Office just after the president named a Federal Reserve nominee — but that wasn’t what Trump wanted to talk about.
An Oval Office event the White House billed as a “major announcement on the economy” by President Donald Trump turned out to ...
The position, which comes with a spot on the interest rate-setting Federal Open Market Committee, comes after Fed Gov.
President Donald Trump is planning to meet with advisers today about an unexpected open seat on the Federal Reserve Board, according to a person familiar with the matter.
Treasury Secretary Scott Bessent is not one of them. Two under consideration are Kevin Hassett and Kevin Warsh.
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome ...
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from ...
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% ...
The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.