Fed lifts Wells Fargo's asset cap
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Around the country, business and community leaders are still holding their breath, waiting for another tariff-related shoe to drop.
The Senate voted to confirm Federal Reserve Gov. Michelle Bowman's nomination to be the vice chair for supervision at the central bank in a 48-46 party-line vote.
Federal Reserve Governor Lisa Cook raised some concerns regarding the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy. President Donald Trump's trade policy could take a toll on the labor market, she said, even though she suspects the economy is in relatively good shape now.
Federal Reserve officials on Tuesday argued again for caution on monetary policy as President Donald Trump's trade war continues to inject substantial amounts of uncertainty and the risk of economic
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.
Fed chair Jerome Powell resisted pressure from President Donald Trump recently to lower interest rates, citing employment and price stability as a priority.
At the end of its Federal Open Market Committee session ... with current market conditions The Federal Reserve is expected to hold the Fed rate at 4.25% to 4.50% at its next policy meeting on ...
Arkansas' economic activity was mostly unchanged since April with signs of deterioration continuing according to the latest Beige Book report from the Federal Reserve Bank of St. Louis released Wednesday.
Powell laid down the law to Trump on the Fed's independence decision-making, but Trump doesn't seem to be getting the message.