News

Fed holds interest rates steady, Chair Powell says Fed independence 'very important'

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to ...

Don’t expect big interest rate cuts immediately after Powell is replaced at Fed

President Donald Trump is set to replace outgoing Federal Reserve Chairman Jerome Powell when his term ends next year. But ...

Mortgage Interest Rates Today: Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts

The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...

Powell Cites Inflation Risk as Fed Holds Interest Rates Steady

Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs ...

Weak Jobs Report Raises Chances of a September Interest Rate Cut

The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market ...

Fed Won't Budge on Interest Rate Cut Despite Trump's Demand for Mortgage Relief

As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...

Powell on ‘solid ground’ by not raising interest rates, says fmr. Kansas City Fed chief

Thomas Hoenig, former president of the Federal Reserve Bank of Kansas City, joins Meet the Press NOW to discuss Fed Chair ...

Powell says Fed does not consider government interest rate costs in policy debate

U.S. Federal Reserve Chair Jerome Powell on Wednesday said there is no place for the central bank to consider government ...

Trump ramps up pressure on the Fed to slash rates to 1% — but would that be risky for US jobs, savings and investments?

Despite President Trump ramping up pressure on Federal Reserve Chair Jerome Powell to cut interest rates, the Fed held rates ...