Federal Reserve

2 officials fired by Trump return to court to challenge his power

5:01am May 16, 2025

Cathy Harris and Gwynne Wilcox, Democratic board members of independent agencies, argue that President Trump lacked the authority to fire them, citing federal law and Supreme Court precedent.

Federal Reserve Chair Powell Holds A News Conference Following The Federal Open Market Committee Meeting

The Fed cuts interest rates -- but Trump's election could make things trickier

2:01pm November 07, 2024

The Federal Reserve cut interest rates by a quarter percentage point. How much further rates fall could depend on how President-elect Trump approaches his second term.

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The latest jobs data provides a really confusing picture. Here are 4 things to know

1:41pm September 06, 2024

There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.

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Treasury Secretary Janet Yellen speaks at a microphone

Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina

12:23pm September 05, 2024

by Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen warned voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages invest

Federal Reserve Chair Jerome Powell Holds A News Conference Following The Federal Open Market Committee Meeting

'The time has come' to lower interest rates: Fed Chair Jerome Powell

11:06am August 23, 2024

Federal Reserve chairman Jerome Powell signaled that he's increasingly confident inflation will soon be tamed, and that he and his colleagues will soon cut interest rates to avoid hurting the job market.

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Fed Chair Jerome Powell Holds An News Conference On Interest Rates

Economy

The Federal Reserve is getting closer to cutting interest rates

10:20pm July 31, 2024

by Scott Horsley

The Fed kept interest rates unchanged at the highest in more than two decades. Investors are betting it will start to lower rates at its next meeting in September.

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Economy

The Fed holds rates steady, sees only one rate cut in 2024 as inflation cools slowly

9:15pm June 12, 2024

by Scott Horsley

The Federal Reserve held interest rates steady while signaling it can cut rates only once this year. The decision came after data earlier showed inflation cooling slightly.

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Dollar General Shares Drop After Weak Quarterly Earnings Outlook

Economy

Discounting is back in fashion, as Americans get tired of paying more

10:31am June 01, 2024

by Scott Horsley

Consumer spending rose only slightly in April, as shoppers pushed back against rising prices.

Rising prices remain a top concern for Americans, according to a new survey by the Federal Reserve. But 72% of adults say they're living comfortably financially or at least doing OK.

A big survey asked Americans about their finances. Here are some trouble spots

5:00am May 22, 2024

by Scott Horsley

A new report from the Fed shows little change in family finances over the last year, but rising prices remain a big worry. And parents of children under the age of 18 feel worse off than a year ago.

Federal Reserve chairman Jerome Powell and his colleagues voted to hold interest rates steady at a 23-year high on Wednesday. The central bank is trying to curb stubborn inflation.

Fed keeps interest rates at 23-year high

5:50pm May 01, 2024

by Scott Horsley

The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.