Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall.
The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.
That, economists say, is what the Fed has been doing over the past year. Why did the Fed cut interest rates in 2024? The Fed hiked interest rates to a 23-year high of 5.25% to 5.5% to ...
Like everyone else, Federal Reserve officials are watching and waiting to see what tariffs Donald Trump will impose and how they will affect the economy.
WASHINGTON — After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its ...
See Managing Your Money for more on the Fed's move to stand pat on interest rates ... rise in the jobless rate last fall as one reason why it opted to cut rates at the time.
In a move that many Americans have been anticipating over the last couple months, on Wednesday the Federal Reserve raised interest rates for the first time since December 2018. The Fed ...
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.