News

Labor department’s data upset may have sealed the deal for a Fed interest rate cut
Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but ...
Reuters2d
VIEW Investors react to Kugler's resignation, firing of BLS commissioner
Aug 1 (Reuters) - The Federal Reserve said on Friday that Governor Adriana Kugler was resigning from the central bank ...
Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has ...
A vacancy on the Fed is opening early as Trump urges board to ‘assume control’ if Powell doesn’t cut rates
In the press conference following the Fed’s decision to keep rates unchanged, Powell hesitated to guide toward a rate in the ...
Bessent says he expects to announce new Fed chair by end of year
U.S. Treasury Secretary Scott Bessent said Thursday that he is compiling a list of potential candidates to take the helm of the Federal Reserve after Jerome Powell's term ends in May. Upon President ...
Trump says he’ll tap new Fed candidate to take open role in the next couple of days
President Donald Trump said Sunday evening that he will soon announce a nominee to fill a new vacancy on the Federal Reserve’s Board of Governors. The opening on the Fed Board follows last week’s ...