The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.
Powell is set to testify before the Senate Banking Committee on Tuesday at 10 a.m. Eastern and to the House Financial Services panel on the following day.
Federal Reserve Chair Jerome Powell appears confident in the US labor market. But that means any signs of a slowdown could ...
Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand.
The Trump administration's efforts to ban DEI, crackdown on immigration and freeze funding are hurting public schools, ...
Centrally-coordinated economic planning, especially central banking, has been detrimental to liberty, freedom, and the ...
Like other government financial agencies, the Federal Reserve Banks have an Office of Minority and Women Inclusion focused on ...
But goods inflation is important to consumers, who can vote with their wallet on whether to go out to the theaters (service) or to stay in and do some retail therapy online (goods). As the latter ...
The Fed sets short-term interest rates, but does not directly control mortgage rates, which tend to move in tandem with the yields on long-term bonds. Those long-term rates are dependent on investor ...
Hint: You might want to pay down your debts more aggressively.
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark ...