Presidents can control monetary policy even without replacing the Fed chair, Benn Steil writes in a commentary essay.

Rates had previously been held at a 23-year high since July 2023. There was some division on the final decision, with Fed governor Michelle Bowman dissenting. She preferred to cut rates by 25 basis ...

Federal Reserve Chair Jerome Powell was asked for his thoughts on large budget deficits and the rising national debt at his ...

Q3 2024 Earnings Call Transcript November 8, 2024 Operator: Good morning. My name is Tia and I will be your conference ...

FOMC members voted unanimously today to cut the Fed’s five policy rates by 25 basis points, after the 50-basis point cut at ...

The Federal Reserve Open Markets Committee concluded its two-day meeting today and cut its influential benchmark rate. Follow along for live updates.

The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before ...

The Federal Reserve's Federal Open Market Committee will announce its interest rate decision at 2pm, followed by a press ...

With another Trump presidency set to kick off in January, the clock has turned against several Democratic appointees and ...

We'll also get some commentary from Fed Chair Jerome Powell ... the hoped-for comeback from Home Depot and the housing market is unlikely to materialize. Jeremy Bowman has no position in any of the ...