Fed's current monetary policy stance is 'exactly where we want to be,' official says
Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent economic growth from reigniting inflation.
Trump says Fed chair search down to ‘three or four’ candidates, with announcement coming ‘a little bit early'
President Donald Trump said on Wednesday that he has narrowed down the list of candidates to replace Federal Reserve Chair Jerome Powell to "three or four" names.
Inflation cools slightly in July from prior month
The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.
Fed governor maintains outlook for three interest cuts in 2025
Fed Governor Michelle Bowman spoke this weekend and maintained her projection of three interest rate cuts in 2025 despite the central bank leaving rates unchanged at its July meeting.
Trump criticizes Federal Reserve's $3.1B renovation spending as completely wasteful government expenditure
Trump announced a press conference on Washington D.C. crime and beautification while criticizing Federal Reserve's $3.1 billion building renovation as wasteful spending.
Bessent says market expects Fed to cut rates this year: 'substantial probability'
Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before year-end amid tariff concerns.
Trump names replacement for Fed seat; still looking for permanent appointee
President Donald Trump announced he has selected Stephen Miran to join the Federal Reserve Board of Governors, but says he will continue search for a permanent replacement.
Fed official calls July jobs report 'concerning' as economy hits potential turning point
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.
Student loan delinquency rates highest in 21 years as COVID moratorium fades away
Student loan delinquencies rose sharply to 10.2% of aggregate student loans in Q2 2025 after the pandemic moratorium ended, with total outstanding debt rising to $1.64 trillion.
Prediction market traders bet 'the Kevins' are Trump’s Fed chair picks
Kevin Hassett leads prediction markets at 48%, while Kevin Warsh follows at 29% as top contenders for Federal Reserve chairman under President Donald Trump.
Leading economist issues stark recession warning for struggling US economy
Moody's chief economist Mark Zandi warned that the U.S. economy is on the precipice of recession as weak jobs data and rising inflation complicate the Federal Reserve's policy moves.
Markets now betting Fed will cut rates in September after disappointing jobs report
The probability of a Federal Reserve rate cut in September jumped dramatically following weak employment data, with market expectations shifting from a hold to a 25-basis-point cut.
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.
In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.
'He is too late': Senate Republicans call on Powell to lower rates after poor jobs report
Senate Republicans demand that Federal Reserve Chair Jerome Powell lower interest rates after a subpar July jobs report, with one calling on the head of the central bank to be "dragged out" if he doesn't.
Trump slams Powell as 'moron' and calls for Fed's board to take control of policy moves
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Truth Social, urging the Fed's Board to assume control if Powell refuses demanding immediate interest rate cuts.
Trump hits Powell as 'total loser' after Fed leaves rates unchanged
President Donald Trump slammed Federal Reserve Chair Jerome Powell as a "total loser" after the central bank left interest rates unchanged despite his repeated calls for cuts.
Fed's favored inflation gauge shows consumer prices rose again in June
The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor data for signs of tariff-induced inflation.
Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump's pressure
The Fed left its benchmark interest rate unchanged following its July policy meeting amid uncertainty over the impact of tariffs on inflation and economic conditions.
Fed meeting looms as Trump celebrates 3% GDP growth, pushes for rate cuts
President Donald Trump celebrated 3% GDP growth in Q2 and demanded the Fed rate cuts as the central bank is set to reveal its interest rate decision amid concerns over tariffs and inflation.