Federal Reserve Bank

‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September

Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…

Watch Fed Chair Jerome Powell testify live before Senate banking panel

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Fed says it’s not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal

Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough…

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he…

Watch Fed Chair Powell, ECB’s Lagarde speak live at central bank policy forum

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There’s a big Fed inflation reading coming Friday. Here’s what to expect

There could be some pretty good inflation news on the way from the Commerce Department when it releases a key…

The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author…

Fed holds rates steady, indicates only one cut coming this year

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before…

Market backs off on hopes for interest rate cuts following strong jobs report

May’s surprising pace of job growth and wage rise added to the conviction that the Federal Reserve will stay on…

Fed’s Williams says inflation is too high but will start coming down soon

NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he…