The federal funding memo's reversal comes after the original move caused chaos and confusion across the country, including in ...

Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.

Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s ...

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to ...

How does ‘pausing’ federal funding for school meals for disadvantaged children or programming for special needs children make ...

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no ...

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...

On Wednesday, advocates in Metro Detroit rallied together at Patton Park in Detroit to emphasize the rights of local ...

Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the ...

Mostly cloudy with a slight chance of a light snow showers Falling temperatures into the upper 20s by the evening. Winds: WNW 20-30 with gusts to 35+ mph.

While Trump will be able to appoint a new Fed chair in 2026, he does not have the ability to set monetary policy or change the federal funds rate. No president has the direct power to reduce mortgage ...

Bessent, 62, is a longtime hedge fund manager, Trump donor and adviser. He'll be the point person for Trump on a host of key ...