Nation Sep 15 Fed faces economic uncertainty and political pressure ahead of interest rate decision Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it's not even clear which Fed officials will be making the decision.
Politics Jul 30 WATCH: Powell speaks after Fed keeps interest rates unchanged even as Trump demands cut The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.
Politics Jun 25 WATCH: Fed Chair Powell returns to Capitol Hill to testify in Senate Banking hearing Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.
Politics Jun 24 WATCH: Fed Chair Powell says interest rate cut can wait in testimony before House committee “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Jerome Powell said in testimony Tuesday before the House Financial Services Committee.
Politics Nov 23 Trump chooses Scott Turner to lead HUD and Rep. Lori Chavez-DeRemer as labor secretary In less than three weeks since the election, Trump has announced decisions for almost his entire Cabinet.
Politics Nov 22 Trump picks Project 2025 architect Russell Vought to return as top budget official President-elect Donald Trump said Friday he will nominate Russell Vought to lead the Office of Management and Budget, a position Vought held during Trump's first presidency.
Politics Nov 22 Trump names hedge fund founder Scott Bessent as pick for Treasury secretary President-elect Donald Trump announced Friday that he'll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary, one of several personnel decisions that he unveiled as he closed out the workweek.
Politics Oct 15 WATCH: Trump sings praises of tariffs during conversation with Bloomberg News Appearing before a friendly audience at the Economic Club of Chicago, the Republican presidential nominee repeatedly asserted that tariffs are misunderstood as an economic tool.
Nation Sep 03 Fed celebrates end of inflation surge, but many Americans don’t feel like cheering Most Americans are not in the same celebratory mood about the plummeting of inflation in the face of the high borrowing rates the Fed engineered.
Economy Aug 30 As rate cuts near, Federal Reserve’s inflation gauge shows cooling price increases An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time…