Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job ...

The central bank’s governors vow to re-elect Jerome Powell chairman even if the president fires him.

If you need to do any banking today, November 11, you may find that your local branch is closed or that your transaction won’t go through until tomorrow.

For the first time in four years, the Federal Reserve's benchmark, short-term rate was scaled back by a half percentage point. The previous 23-year high remained stagnant since July 2023 until ...

WASHINGTON -- A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just ...

The Federal Reserve has historically operated independently of the executive branch. In addition to interest rate cuts, one tool the Federal Reserve uses to support the economy during periods of ...