News

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.
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 ...
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.
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 ...
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Federal Reserve likely to keep interest rates the same this week: What to know
Federal Reserve officials are split on whether to slash interest rates as President Donald Trump favors rate cuts based on ...
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 ...
Ignoring Trump’s demands, Federal Reserve stands pat on interest rates
Federal Reserve holds steady on interest level but vote saw a pair of dissenting votes for the first time in decades ...