News

Federal Reserve likely to defy Trump, keep rates unchanged this week
The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from ...
Who Is Jerome Powell?
Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was ...
Key Federal Reserve Supervision Official to Depart at Year-End
Michael Gibson, director of the Federal Reserve’s supervision and regulation division, will leave at the end of the year ...
May Fed Meeting: Live Updates and Commentary
Fed meeting is a key economic event, with Wall Street looking to see what Fed Chair Powell & Co. will do with interest rates ...
Federal Reserve reviewing confidential ratings for US big banks, WSJ reports
The U.S. Federal Reserve's incoming vice chair for supervision is seeking to review the confidential ratings for the health ...
Fed Reviewing Its Secret Ratings for the Nation’s Biggest Banks
The Federal Reserve’s incoming top banking regulator, Michelle Bowman, is seeking to review confidential ratings of the ...
What To Expect From Wednesday's Federal Reserve Meeting
The central bank is widely expected to stay in "wait-and-see" mode and keep its key interest rate steady Wednesday.
Employers added a surprising 177,000 jobs as job market shows resilience. Unemployment stays at 4.2%
American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of ...
Bank Reserves at Fed Drop to $3 Trillion, Lowest Since Jan. 1
The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled ...
Visa wants to give artificial intelligence ‘agents’ your credit card
The payment processing company is betting that what seems futuristic now could become a convenient alternative to our most ...