Expectations for the U.S. Federal Reserve’s July policy meeting have become increasingly uncertain as a growing number of major Wall Street brokerages acknowledge that the decision on interest rates is no longer…
Kevin Warsh is taking over as chair of the Federal Reserve at a highly uncertain moment for the U.S. economy, with inflation rising again, interest-rate cuts disappearing from market expectations, and President…
Federal Reserve Chair Jerome Powell said the U.S. central bank is in a position to wait and watch how the expanding Iran war affects inflation and the broader economy, signaling that policymakers…
Federal Reserve Chair Jerome Powell used a public tribute to former Fed Chair Paul Volcker to underline a message with clear relevance to today’s politics: central bankers sometimes have to resist pressure…
A key House committee chair is pushing for Federal Reserve Chair Jerome Powell to testify before Congress “soon,” arguing that lawmakers need timely oversight of the central bank even as a Department…
A senior member of the US Federal Reserve on Friday said he voted against cutting interest rates this week because inflation was “too high” for comfort. Kansas City Fed president Jeff Schmid…
Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to…
The US Federal Reserve should be careful not to cut rates “too quickly” and risk reigniting stubborn inflation, a senior bank official said Wednesday. The Fed’s favored inflation gauge has dropped sharply…
