The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations.
The Federal Reserve's rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook.
New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Trump has sought.
The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near.
The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy.
The average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced.
The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years.
Stocks closed higher on Wall Street, taking back most of their losses from a day earlier that were driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation.
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation.
The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.
Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded.
U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran.
The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war.
Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.
A divided panel of federal appeal court judges has ruled that a Trump administration policy illegally banned transgender troops from military service.
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to deliver a broad defense of independent institutions while accepting the John F. Kennedy Profile in Courage Award in Boston.
The Trump administration wants all current and future federal employees to sign non-disclosure agreements, part of a continuing crackdown on leaks to the media.
President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair.
When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.
The U.S. stock market rose to more records after Cisco Systems joined the parade of companies reporting fatter profits for the start of 2026 than analysts expected.
U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher.
President Trump’s pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change” to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House’s attacks.
Defense Secretary Pete Hegseth faces a second day of grilling from Democrats on Capitol Hill, with senators getting their first opportunity to confront or praise the Pentagon chief over his handling of the Iran war.
The Senate Banking Committee voted on party lines to approve Kevin Warsh as the next chair of the Federal Reserve, to replace Jerome Powell, a longtime target of President Donald Trump’s insults for not cutting borrowing costs as far as the president wanted.
Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk.
The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday’s news conference will be closely watched for any clarification.
The Republican senator who had effectively blocked confirmation of President Donald Trump’s pick to lead the Federal Reserve says he's dropping his opposition after the Department of Justice ended its investigation of the current central bank chair.
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office.
The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor.
New York is suing Coinbase and Gemini over unregulated and unlicensed prediction market platforms that the state contends are illegal gambling operations.
President Donald Trump’s nominee to chair the Federal Reserve says that he never promised the White House he would cut interest rates, even as the president renewed his calls for the central bank to do so.
President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.
Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit.
Newly released court records indicate the Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn’t find any evidence of a crime before a judge quashed government subpoenas, dealing a severe blow to the probe.
The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war, suggesting the Fed could stand pat for an extended period.
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases.
The Trump administration has formally nominated Kevin Warsh, a former top Federal Reserve official, to be next Fed chair when Jerome Powell’s term ends in two months.
Republican Sen. Thom Tillis from North Carolina suggests he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve.
Treasury Secretary Scott Bessent says it would be up to the president to decide whether to sue Kevin Warsh, Donald Trump's nominee for Federal Reserve chair, if he doesn't lower interest rates.
Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House’s Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions.
Gold prices hit new heights in early 2026 — and many consumers have rushed to buy and sell pieces of the precious metal.
Kevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago.
The Justice Department has opened a federal civil rights probe into the death of Alex Pretti, the Minneapolis resident killed Saturday by Border Patrol officers, according to federal officials.
President Donald Trump’s nomination of Kevin Warsh to chair the Federal Reserve could bring about sweeping changes at a central bank that dominates the global economy and markets like no other.
Stocks fell on Wall Street, while gold and silver prices plunged as investors tried to gauge what President Donald Trump’s new nominee to lead the Federal Reserve will mean for interest rates.
President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve.
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
The House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.