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Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

Federal Reserve holds its benchmark rate steady at today's FOMC meeting

The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

Weakening US jobs market hits center of Fed rate policy debate

Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central ...
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What Is the Federal Open Market Committee (FOMC) and What Does It Do?

What Is the Federal Open Market Committee (FOMC)? How Does It Work? The central bank of the United States is known as the Federal Reserve. While it operates independently of the federal ...

Ignoring Trump’s demands, Federal Reserve stands pat on interest rates

Federal Reserve holds steady on interest level but vote saw a pair of dissenting votes for the first time in decades ...

Fed's reticence on rate cuts forces market to rethink outlook

The Federal Reserve's decision to avoid signaling imminent rate cuts despite relentless political pressure underscores its ...

Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump's pressure

The Fed left its benchmark interest rate unchanged following its July policy meeting amid uncertainty over the impact of ...

Federal Reserve holds rates again, but two voters dissent

The Federal Reserve kept its benchmark policy rate at 4.25%-4.50%, as widely expected, on Wednesday. But at this meeting two ...