President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation ...

The federal funds rate is the interest banks charge each other for overnight loans. Set by the Federal Reserve, it's a basis ...

President Biden says he has "never once spoken to the chairman of the Fed since I became president," despite a May 2022 ...

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two ...

The Fed is widely expected to cut its benchmark interest rate on Wednesday, though it remains unclear how aggressive the ...

The FOMC too often speaks with one voice, an oddity in its history and for central banks globally.

The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.

Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators ...

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto ...

The Federal Open Market Committee is a key component of the Federal Reserve System, the central bank of the United States. The Fed monitors and ensures the stability of the U.S. economy by setting ...