Powell said when it comes to taking the interest on reserve power away, "there's an illusion that it would save money. That ...

Everyone’s waiting on a Fed rate cut—but will mortgage rates even fall when it happens? Here’s what homebuyers should know before banking on a drop that may never come.

Some GOP senators criticized Powell, however, for characterizing tariffs as a potential driver of inflation. Sen. Pete ...

Federal Reserve Chair Jerome Powell said the US central bank is still struggling to determine the impact of tariffs on ...

During a second day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the ...

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Trump administration's tariff plans may well just cause a ...

Powell said the Fed’s Eccles building, constructed between 1935 and 1937, “really needed a serious renovation,” saying that among the building’s issues, “it was not really safe and it was ...

Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spending money excessively ...

President Donald Trump on Wednesday criticized Federal Reserve Chairman Jerome Powell for keeping interest rates too high, ...

The Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market.

The dollar fell to multi-year lows against the euro and sterling on Wednesday but gained on the Japanese yen as traders ...

The Fed remains in a holding pattern, keeping rates unchanged as inflation risks from tariffs and economic uncertainty ...