The Fed outlined multiple paths for the future of check processing as infrastructure needs grow. ・Digital payments are rising even as check fraud increases and volumes decline. ・Vice Chair Michelle Bowman raised concerns that the review could underestimate consumers and businesses that still rely on checks.

Personal spending appears to have stalled in September, another economic warning sign for the Fed to consider as it weighs whether to cut interest rates.

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?

The U.S. Federal Reserve (Fed), which sets U.S. monetary policy, is expected to hold its final Federal Open Market Committee (FOMC) meeting of 2025 on the 9th to 10th to decide on the benchmark interest rate.

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,

Futures traders now assign a roughly 90 per cent chance of a quarter-point cut on Wednesday — the Fed’s third this year — following evidence of a slowing labour market and recent dovish comments from rate setters.

The Federal Reserve meeting next week is expected to be one of its most contentious in years, and investors are focused on how divided policymakers are over an expected interest-rate cut and what Chair Jerome Powell signals about the path ahead.

Stagflation is the nightmare of all nightmares for the nation's central bank, because there's no defined blueprint to combat it. Stagflation is characterized by a period of high inflation and rising unemployment, coupled with stagnant or slowing economic growth.

The reason is that US money markets have remained choppy even after Fed announced it would stop the process of “quantitative tightening”, having shedded c. $2.4tn of balance sheet assets since its nearly-$9tn peak in 2022. QT has the effect of draining money from the US financial system.

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.

The government stopped sending out most paper checks to recipients as of the end of September, part of an effort to fully modernize federal benefits payments. And on Thursday the Federal Reserve put out a notice that suggested it is considering – but only considering – the “winding down” of checking services it now provides for banks.