Fed officials see inflation, according to its preferred measure, rising to 3% by the end of this year, from 2.1% in April.

For the first time in four years, the Federal Reserve's benchmark, short-term rate was scaled back by a half percentage point. The previous 23-year high remained stagnant since July 2023 until ...

The Federal Reserve meets for fourth two-day rate-setting session of 2025 on Tuesday, June 17, and Wednesday, June 18, 2025. At the end of its Federal Open Market Committee session on May 7 ...

President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief. “I haven’t called him.

The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to monitor inflation and the labor market amid elevated levels of ...

President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high.

May 7 (Reuters) - The Federal Reserve held interest rates steady on Wednesday but said the risks of both higher inflation and unemployment had risen, further clouding the economic outlook as the U ...