The move was preceded by wave of resignations of prosecutors, each refusing to sign the motion and some criticizing the Justice Department order to do so in scathing terms.

Both times, the Fed's balance grew in size, reaching a peak of almost $9 trillion in 2022, but the second period of asset purchases consisted mostly of lower-coupon, longer-duration bonds that plunged ...

Federal Reserve Chair Jerome Powell is on Capitol Hill this week for his twice-yearly testimony before Congress. Powell ...

Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal.

Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.

Subscribe to the Wake Up, cleveland.com’s free morning newsletter, delivered to your inbox weekdays at 5:30 a.m. We’ve joked on our Today in Ohio podcast recently about the musical chairs of Ohio ...

Federal Reserve Chair Jerome Powell says Americans’ bank accounts are safe despite the Trump administration’s shutdown of a ...

Discover the impact of high debts and interest rates on the global financial system, driving up gold prices and potential ...

Learn about the significant risks facing the U.S. economy, including mounting debt and geopolitical tensions, and the ...

That amounts to approximately 1 percent of the 2 million federal employees. That’s below the 5 to 10 percent target the White ...

A UFO encounter at a North Dakota nuclear site prompted an Air Force captain to defy an order of silence in his search for ...

Elon Musk’s lawyers faced off with OpenAI in court Tuesday as a federal judge weighed the billionaire’s request for a court ...