Treasury Secretary Scott Bessent has a new argument for why the Federal Reserve should cut interest rates: Treasury bond yields. The administration has been clamoring for interest rates to come ...

Chicago Fed President Austan Goolsbee warned that political pressure could compromise the credibility of monetary policy. The Fed’s credibility is “its most precious resource," said ...

Chair of the Board of Governors of the Federal Reserve System Jerome Powell speaks during an event hosted by the Economic Club of Chicago, Wednesday, April 16, 2025, in Chicago. Credit ...

The inflationary effects could also be more persistent,” Powell said in remarks to the Economic Club of Chicago. The Fed plans to see how Trump's trade policy plays out in the economy before ...

The Chicago Fed National Activity Index ("CFNAI") fell -0.03 in March, reversing from +0.24 in February, which was revised from +0.18 in its initial print, the Chicago Fed said on Thursday.

The Chicago Fed's National Activity Index fell back to minus 0.03 in March from 0.24 in February, according to new and revised figures. The reading below zero suggests growth was weaker than the ...

The Chicago Fed reported one machinery manufacturer’s vendors were changing prices on a daily basis. Officials at the Atlanta Fed noted hints of layoffs to come, saying a small but increasing ...

To hear Donald Trump tell it, there was just a big misunderstanding, and he really has “no intention” of firing Federal Reserve Chair Jerome Powell. The Washington Post reported: President Don ...

Stocks slumped Monday amid concerns about upheaval at the Fed, before rebounding Tuesday. In an interview Sunday with "Face the Nation," Austan Goolsbee, the president of the Chicago Federal ...

WASHINGTON — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell ... He said last week in a Chicago speech that Trump’s tariff policies would ...

In an April 16 appearance at the Economic Club of Chicago, Fed Chair Powell described the uncertainty from a central banker's perspective. "These are very fundamental policy changes," Powell said.

Feeling out of the loop? We'll catch you up on the news you need to know with the Chicago Catch-Up newsletter. The speculation about changes at the Fed, along with the ongoing tariff uncertainty ...