Presidents can control monetary policy even without replacing the Fed chair, Benn Steil writes in a commentary essay.

Andriana Kugler, a member of the Fed’s board, says economic research shows that an independent central bank typically does a ...

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank ...

Last week the Federal Reserve opted to cut interest rates by 25 basis points, which was what the market expected it to do.

Jerome Powell was prepared to go to court when the president floated his dismissal six years ago. If it happens again, the ...

The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after the central bank's surprise jumbo cut in September. The Fed shaved ...

After a single-minded focus on bringing inflation down, the central bank has pivoted toward achieving a soft landing.

The Federal Reserve and Chairman Jerome Powell have a lot riding on Tuesday's election, even as the central bank has spent 2024 keeping as much distance as it can from politics. The next president ...

This week, the Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — met once again to evaluate the health of the economy and make ...

That’s because, as one former Federal Reserve chair famously said, central bankers’ job is to remove the punchbowl right when the party is just getting started. Said differently, they have to ...

After slashing its key interest rate by a hefty half percentage point in September, the Federal Reserve is expected to lower rates by a more measured quarter point Thursday and several times next ...