If the Federal Reserve cuts rates next week as predicted, and Kevin Hassett becomes Fed Chair, where will rates be at this time next year?

Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office,

Trump has regularly disparaged Powell for his refusal to sharply cut rates and on Tuesday referred to the Fed chair as “a real dope who should reduce rates”. The US president said on Monday he planned to pick a new Fed chair “early” next year and signalled Hassett was a “potential” contender.

Jerome Powell's term ends in May and the White House is considering several candidates, including sitting Fed governors, former policymakers and senior financial executives

President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.

Before working with Mr Trump at the Council of Economic Advisers ( CEA) in his first term and the National Economic Council in his second, Mr Hassett spent decades as an economist at the American Enterprise Institute,

Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office,

Another rate cut seems likely at next week’s Federal Reserve meeting -- unless Chair Jerome Powell invokes the latest economic data as grounds for a delay.

Leading economist Mohamed El-Erian is calling for sweeping reforms at the Federal Reserve, warning that the central bank's credibility is at risk following a prolonged period of policy missteps and internal dysfunction in recent years.

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn infla

Current mortgage rates are up today and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate until now.