Federal Reserve Chairman Jerome Powell will likely serve the remainder of his term under the Trump administration through May 2026. AFP via Getty Images The plaintiffs allege that the Fed has been ...
Jan 16 (Reuters) - The Federal Reserve should stay independent, Trump's pick to be U.S. Treasury Secretary told a Senate panel on Thursday. "I think on monetary policy decisions, the FOMC should ...
Trump promised to end worker protections on Inauguration Day Unions prepare to argue president doesn’t have that authority Federal workers and their allies are preparing for a legal battle aimed at ...
Commissions do not affect our editors' opinions or evaluations. The Federal Reserve concluded 2024 with a quarter-point interest rate cut, bringing the target federal funds rate down to a range of ...
The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...
The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure ...
Fixed income markets anticipate that the Federal Reserve will cut interest rates in 2025, but not by much. Short-term interest rates are expected to end 2025 close to 4%. That’s down from the ...
Is the Reserve Bank close to stepping into the currency market to support the Australian dollar and, if so, what does this mean for millions of Australians? While it's a rare event, it's been done ...
A federal appeals court Thursday dealt a fatal blow to the Federal Communications Commission’s decade-plus effort to gain stronger oversight over the internet. The Sixth Circuit Court of Appeals ...
U.S. president-elect Donald Trump says he has no plans to fire Federal Reserve chair Jerome Powell. But that doesn’t mean he isn’t girding for a fight. Strong economic growth and stubborn ...
When the Federal Reserve jolted markets in December, it wasn’t with its decision to cut interest rates by a quarter point, but with big changes in its rate forecasts for 2025. Fed officials ...