The Federal Reserve has maintained high "excess reserves" in the banking system while continuing to reduce its securities portfolio. The Fed used a decline in Reverse Repurchase Agreements to ...

Sens. Rick Scott (R-Fla.) and Elizabeth Warren (D-Mass.) urged the Federal Reserve chair to hammer down on “improper” trade violations in a Friday letter, expressing concerns about what they ...

Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark interest rate, citing uncertainty around the potential impact of President Trump ...

The Federal Reserve meets for its second two-day rate-setting session of 2025 on Tuesday, March 18, and Wednesday, March 19, 2025. At the end of its Federal Open Market Committee session on ...

Elon Musk on Thursday offered hints about the work to come, including auditing the Federal Reserve, as his Department of Government Efficiency bulldozes through federal agencies in its effort to ...

NEW YORK (AP) — The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s ...

WASHINGTON (AP) — Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged.

NEW YORK: Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent end to the central bank's balance sheet wind-down process ...

Credit card balances now stand at a record-high $1.21 trillion. Americans' household debt -- including credit cards, mortgages, auto loans and student loans -- is at a new all-time high of $18.04 ...

Elon Musk is keen on auditing the Federal Reserve, the independent agency that makes critical decisions on interest rates that reverberate throughout the US economy. Musk, the world’s richest ...

The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues. The Conference ...

President Trump posted a “SpongeBob SquarePants” meme mocking federal employees in the wake of an email sent to the workforce asking them to document their achievements from the past week.