News

Fed holds interest rates steady, Chair Powell says Fed independence 'very important'
The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to ...
Fed Decides Against Interest Rate Cut—But Powell Faces First Double Dissent In Decades
Bank of America indicated in a note that Powell would be in “no hurry” to cut rates in June, though disagreements among Fed ...
Pressure mounts on Jerome Powell as economist Mohamed El-Erian adds his voice to calls for the Fed chair to step down
Amid this pressure, Mohamed El-Erian is calling on Federal Reserve chair Jerome Powell to call it quits — becoming one of the ...
Editorial: The Fed was right to say no on interest rates
For the moment, demand is adequate and unemployment is low. This makes the White House’s view — that tight money is ...
Did the Fed cut interest rates Wednesday? No, but here's when they might
Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts ...
Powell Cites Inflation Risk as Fed Holds Interest Rates Steady
Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs ...
The Fed’s foolish interest rate policy is stopping America’s economy from booming
Federal Reserve keeps interest rates high despite rise in unemployment and economic concerns. Decision unnecessarily ...
The Fed holds interest rates steady despite intense pressure from Trump
The Federal Reserve left its benchmark interest rate unchanged Wednesday, but a rate cut is possible in September. President ...
Fed keeps rates unchanged — but two vote against Powell’s ‘wait-and-see’ approach
The central bank’s policy-setting Federal Open Market Committee maintained the benchmark rate between 4.25% and 4.5%, where ...
Labor department’s data upset may have sealed the deal for a Fed interest rate cut
Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but ...
Trump confirms Scott Bessent won't replace Powell as Fed chair amid rising tensions with central bank
Treasury Secretary Scott Bessent tells President Donald Trump he wants to stay in his role rather than pursue Fed chair role ...