Fed officials are divided on whether to prioritize controlling inflation or addressing the slowing job market.
Trump is urging Fed Chair Jerome Powell to cut interest rates immediately, ahead of next week’s meeting, as inflation holds at 2.4%.
The Federal Reserve held interest rates steady on Wednesday, ending a string of three consecutive quarter-point rate cuts as the central bank grapples with a combination of elevated inflation ...
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is... Fed holds interest rates steady, taking a pause ...
Wobbly jobs data, escalating oil prices and uncertainty over the Iran war have revamped traders’ expectations that the ...
The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious. The decision means ...
President Trump will nominate Kevin Warsh, a former Fed governor, to be the next chair of the central bank. Warsh has advocated for lower interest rates and a smaller balance sheet at the Fed.
A reading on the Federal Reserve's preferred inflation gauge released Friday for January, before the Iran war, showed ...