Updates and the latest news as the House passes the sweeping GOP agenda bill, including tax and Medicaid cuts and a SALT ...

By Colby Smith Reporting from Washington The Federal Reserve will reduce its work force by 10 percent over the next several years to ensure the institution is “right-sized and able” to carry ...

The Federal Reserve concluded its recent meeting with no changes to interest rates, a decision that market observers widely anticipated. Fed Chair Jerome Powell described the current economic ...

Donald Trump threw yet another tantrum Thursday about Federal Reserve Chair Jerome Powell ... a story was published by New York magazine painting a picture of Fetterman as unrecognizable to ...

The Federal Reserve held interest rates steady at 4.25 percent to 4.5 percent. The central bank also sounded concerns over economic uncertainties. "The unemployment rate has stabilized at a low ...

AFP Dubai: The US Federal Reserve held its benchmark interest rate steady for a third consecutive meeting, as expectations grew that it would maintain a wait-and-see approach until there's more ...

The announcement is likely to anger President Donald Trump, who has made the taxes on imports one of his signature policies and had threatened to fire the Federal Reserve chair, Jerome Powell.

Kate joined Newsweek in May 2024. She is a graduate of Ithaca College. The Federal Reserve opted to leave interest rates unchanged on Wednesday, citing heightened risks of rising inflation and ...

Things are getting awkward for the Federal Reserve. With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday. But fears of a ...

Billionaire Elon Musk said Wednesday that the Department of Government Efficiency (DOGE) should look into the Federal Reserve's expenditures on its headquarters renovation. Musk, who has been the ...

The Federal Reserve is the central bank of the U.S. But why do we even have it in the first place? 'The Fed' regulates inflation and employment by adjusting monetary policy. It prevents economic ...