Wall Street is poised to receive a big gift courtesy of the Federal Reserve. The central bank unveiled plans to roll back an ...

The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a memo—following suit with the Trump administration’s efforts to reduce ...

Fed hikes interest rates again amid recession fears 03:23. The Federal Reserve took an aggressive step on Wednesday to combat soaring inflation with the announcement of another larger than usual ...

Senate Republicans are sparring with the Federal Reserve over what the GOP lawmakers say has been a gross failure by the Fed to combat Chinese efforts to gain influence there.

The Federal Reserve system plans to reduce its staff count by 10% over the coming years, primarily through attrition, its leader told employees in an internal memo Friday. Why it matters: The Fed ...

Federal Reserve Financial Services Introduces FedNow® User Group to Promote Collaboration, Engagement Among More Than 600 FedNow Participants March 14, 2024 10:14 AM Eastern Daylight Time ...

Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession? Not according to a new research paper.

The Fed's first interest rate cut since March 2020 lowers the benchmark federal funds rate to a range of 4.75% to 5%. Interest rates had been at a range of 5.25% to 5.5% since July 2023, the ...

The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty. A chart of the federal funds target rate which is epected ...

Treasury Secretary Scott Bessent on Monday said the White House will start interviewing candidates this fall to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026.

The Federal Reserve said Wednesday it was keeping its key interest rate at about 5% — the first time it has kept the rate steady in more than a year. The reason for the hold: Inflation appears ...

The Federal Reserve signaled Wednesday its top decision makers are split over whether to pause its interest rate hike crusade, a crucial decision for the economy as inflation remains stubbornly ...