Federal Reserve Chair Jerome Powell said he views proposals to "audit the Fed" floated by Elon Musk and others last week as a ...

Federal Reserve Chair Jerome Powell stated before the Senate Banking Committee that the central bank does not need to be in a hurry to cut interest rates and noted that while inflation has come down ...

The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.

The Federal Reserve is often called the U.S. "central bank." In fact, most countries have central banks. In Canada, it's the Bank of Canada. In the United Kingdom, it's the Bank of England.

Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is ...

The central bank is widely expected to hold interest rates steady in its first meeting of 2025. Here is what investors will be watching: When is the Fed decision due? At 2 p.m. ET. How much will the ...

Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair Jerome Powell’s press conference.