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.

Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in the central bank Chair Jerome Powell, ...

Fed’s hawkish stance and potential reduction in rate cuts for 2025 have unsettled markets. Read more on market expectations, ...

Vice Chair of the U.S. Federal Reserve, Philip Jefferson, said on Wednesday that he’s in no rush to change the central bank’s ...

Jefferson echoed recent statements from other officials that it’s in the Fed’s best interest to move slowly as it evaluates ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded ...

Donald Trump said Sunday the Federal Reserve was right to keep interest rates unchanged, a new comment that comes as Fed ...

Tariffs on U.S. goods and services may complicate the Federal Reserve’s decision making as market expectations for 2025 ...

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 ...

The Fed made the right call in hitting pause this week. "I'm not sure that pausing is really all the bad for stocks in the ...

President Donald Trump is meeting Friday with Nvidia CEO Jensen Huang, whose company designs and supplies the advanced ...

The Fed is expected to hold off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.