Fed holds interest rates steady even as inflation remains high
The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.
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The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The latest jobs report showed that the U.S. added 272,000 jobs last month, significantly higher than forecasters had expected. Michael George has more.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
