The Fed’s preferred inflation gauge advanced 0.3%%. That was the biggest monthyly gain in eight months. AFP via Getty Images The policy statement accompanying the decision did not include the ...

Powell sent a clear message this week that central bankers were in no rush to lower rates, with Fed officials opting to pause rate cuts in the first policy meeting of the year. That seemed to defy ...

“But their effect on the economy is likely to take a bit more time.” The path to the Fed’s 2% inflation target was expected to be long and bumpy, and it has been a little choppy the past ...

TRUMP BLASTS FED FOR NOT CUTTING INTEREST RATES "Despite the stickiness of inflation in recent months, the disinflationary trend should reemerge in the spring as services prices are set to ...

Former Federal Reserve adviser John Harold Rogers has been indicted on charges of economic espionage. Prosecutors allege Rogers shared confidential U.S. financial data with Chinese contacts posing ...

Enjoy the calm while it lasts. I think it’s a good bet that what we are seeing is a rare moment of peace for the Fed, an illusion of tranquillity that isn’t likely to last amid the disruptions ...

When the Fed makes changes to the federal funds rate, it can greatly impact different banking products, like savings accounts, loans, mortgages, and credit cards. You can learn more about the FOMC ...

Wall Street thought the Fed was done lowering interest rates — at least for now. The Jan. 29 announcement of a "pause" proved the money runners were right. "We're not doing anything," the Fed ...

Central bankers held rates at a range of 4.25 to 4.5 percent, in line with market expectations. The decision was unanimous among the voting members of the Federal Open Market Committee (FOMC), the ...

“We now think the Fed’s cutting cycle is over. The risks for the next move are skewed toward a hike,” said Aditya Bhave, senior economist at BofA Global Research, one of the first Wall ...

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31, 2028. Powell took office as Fed chair on Feb. 5, 2018, after being nominated for that post by then-President Donald Trump and confirmed by the U.S. Senate. His four-year term as Fed chair ...