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 ...
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 ...
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 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.
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 ...
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 ...
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 ...
Federal Reserve Holds Key Interest Rate Steady as Central Bankers Weigh Tariff Effects
Fed Chair Jerome Powell and other members of the Fed's policy committee have said they're concerned President Donald Trump's ...
Federal Reserve sees first double dissent since 1993 as two officials vote for rate cut
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) saw its first double dissent since 1993. While the FOMC ...