Federal Reserve Chair Jerome Powell discussed the central bank’s decision Wednesday to cut the benchmark federal-funds rate ...

Jerome H. Powell, the Federal Reserve chair, announced the central bank’s final interest rate cut for the year and suggested only two more reductions in 2025.

Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns ...

The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's ...

Feds policy rates decision will take into a host of factors such as labor market conditions, inflation pressures and ...

Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank's two-day policy meeting on Wednesday. The ...

The Fed lowered interest rates on Wednesday by a quarter point, while signaling a slower pace of cuts next year.

The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome ...

Americans are stocking up on cars, appliances, electronics and other big-ticket items before the Trump administration’s tariffs on imports take hold. But economists say the sudden jump in demand could ...

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...

Since the Fed’s last meeting in November, Chair Jerome H. Powell has said the central bank will continue lowering rates, but ...