Economists have shifted back their forecasts for lower borrowing costs as President Trump’s tariffs raised the risk of higher ...

Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for ...

Despite pressure from President Donald Trump to slash interest rates, the Federal Reserve was expected to stick to its wait-and-see approach.

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts ...

The central bank held steady on rates, keeping them at a range of 4.25% to 4.5%, but highlighted rising inflation risk.

The prospect of tariffs fueling inflation later this year leaves the Federal Reserve in an impossible situation: Cut rates ...

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s ...

Despite the Trump administration’s push for a rate cut, The Fed announced Wednesday it’s holding steady – and the president’s tariffs were a big deciding factor.

But his cautious stance on accelerating rate ... the US economy is still solid and inflation is just above the bank's target of 2 percent. Right after Powell's comment, investors in New York ...

Mr. Waller argued that if Mr. Trump maintains a more aggressive package of tariffs, economic growth is “likely to slow to a crawl and significantly raise the unemployment rate.” Inflation ...

WASHINGTON — The US central bank may need to make a bigger-than-expected interest rate cut if President Donald Trump keeps large tariffs in place for an extended period, a top Fed official warned ...