Powell stressed that the decision to cut was made after seeing progress on the Fed's goal to cool inflation toward its 2% annual target — but added that the central bank isn't yet ready to ...

Central banks have followed each other in coordinated cuts in the past. For example, the ECB and the Fed both made emergency cuts a week after the Sept. 11, 2001, terrorist attacks. But the joint ...

Williams acknowledged the “close, kind of theoretical connection” between the decisions made by Treasury and the Fed, and insisted the Fed’s responsibility is to offset fiscal decisions if ...

The Federal Reserve said Wednesday afternoon it won’t move interest rates, matching expectations from economists and investors for the central bank, despite repeated, loud requests from the Oval ...

The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after the central bank's surprise jumbo cut in September. The Fed shaved ...

“The hope is that, now that inflation is under control, we want to deal with the other side of the Fed mandate and make sure that we’re not tanking employment,” Beane said ...

and a growing possibility that Fed Chair Jerome Powell may be remembered both as the man who got the U.S. through the economic crisis triggered by the pandemic and the one who made central banking ...

What made investors doubtful, in part, was the Fed’s acknowledgement that inflation has proven a bit more resilient than ...

Fed officials also said “inflation has made further progress toward (their) 2% goal.” Fed Governor Michelle Bowman was the lone dissenter, preferring a quarter-point cut. At a news conference ...

Powell made clear last month in a high-profile speech that Fed officials feel confident that inflation has largely been defeated. It has plummeted from a peak of 9.1% in June 2022 to 2.5% last ...

Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump's pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump ...