U.S. Treasury Secretary Scott Bessent is hosting private meetings with federal and other bank agencies as a part of his ...

The Federal Reserve Bank of Philadelphia appointed Anna Paulson, who currently serves as the Chicago Fed’s head of research, ...

Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S.

Federal Reserve Gov. Michelle Bowman has been a crucial ally for community banks. With her impending rise to regulatory vice ...

Before the Fed, she was the state bank commissioner of Kansas and vice ... of the country's biggest banks will now have a closer connection to the policies and priorities of the White House.

The new president will also oversee some 900 Philadelphia Fed employees who conduct research on the local economy and advise ...

The current account deficit is draining $100B monthly from the private domestic sector, reducing financial balances despite ...

Most credit cards have a variable rate, so there's a direct connection to the Fed's benchmark. Even though the central bank held rates steady at the last few meetings, average annual percentage ...

Barclays figures the Fed will scale back its forecast to a single rate cut. Other observers, including Deutsche Bank, Goldman Sachs and JPMorgan Chase, are still expecting two cuts, but they ...

(Bloomberg) -- The Federal Reserve said it will start shrinking its ... size of the balance sheet over the medium term. The central bank has been winding down its holdings since June 2022 ...