Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

Christmas Eve is not a designated federal holiday. Still, U.S. presidents, including Joe Biden and Donald Trump, have used the holiday to grant a day off to the country's more than 2 million ...

Most federal employees are set to start the new year making a little more cash after President Joe Biden signed an executive order Monday. The executive order, announced Monday by the White House ...

Markets experienced a sharp sell-off on Wednesday as Fed Chair Jerome Powell explained the central bank’s decision to cut interest rates at a slower pace next year than previously anticipated.

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Continued economic strength along with inflationary policies expected from President-elect Donald Trump could mean the Federal Reserve may have to resort to rate hikes in 2025, a top economist warned.

The chair of the Board of Governors of the Federal Reserve System sat down to discuss the state of the U.S. economy, the importance of Fed independence, and what he expects from a second Trump ...

Comments from the Fed chairman on Wednesday crushed the market as investors worried there would be fewer interest rate cuts next year. Inflation declined this year but has remained above the Fed's ...

(Bloomberg) -- Major US stock indexes saw their worst week since mid-November after the Federal Reserve’s decision to be more cautious about cutting interest rates next year roiled markets.

The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...