The Federal Reserve will likely wait until September before cutting its policy rate, traders bet on Thursday, as data kept alive worries over elevated inflation and a decline in jobless claims ...

America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer ...

Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s ...

Federal Reserve Chair Jerome Powell will appear before Congress this week. He will assess the Fed's battle against inflation and possibly face scrutiny about the central bank's decision-making process ...

A federal judge on Friday sided with a coalition of 22 states and temporarily blocked a federal aid funding freeze directed by the Trump administration — the second such order this week.

The judge said the order is a likely violation of the Constitution. A federal judge in Rhode Island has formally blocked the Trump administration's spending freeze, saying in an order this ...

Critics also argue that the Federal Reserve Bank violates the Constitution by being too closely tied to the private sector and lacking transparency and accountability. Some people are opposed to ...

We also cover whether savings account rates will drop soon. Compare Today's Banking Offers Overview of Federal Reserve meetings The purpose of FOMC meetings is for the Committee to assess current ...

The memo, sent by Youngkin’s chief of staff John Littel Tuesday, acknowledges that some aid portals were briefly shut down as federal agencies scrambled to implement Trump’s executive orders.

Last week, he took a dig at the Federal Reserve, saying, "I'll demand that interest rates drop immediately." Except there's virtually no chance the Fed's rate-making body will cut rates today.

Commissions do not affect our editors' opinions or evaluations. The Federal Reserve has battled a variety of economic troubles over the past 35 years. Between tech busts, a financial crisis and a ...