Maintaining the elevated federal funds rate makes borrowing more expensive, but the alternative is artificially cheap money, malinvestment, and inflation.

Mortgage rates are likely to tick up even as the Federal Reserve said on Wednesday its target interest rate would remain ...

The president on Wednesday will hold a bill signing and deliver remarks on "Making Health Technology Great Again." ...

The Federal Reserve left its key short-term interest rate unchanged, brushing off repeated calls from President Donald Trump ...

The Senate voted along party lines last night to confirm senior Justice Department official Emil Bove to the 3rd U.S. Circuit ...

The US economy grew 3% in the second quarter as a tariff-related import surge that shrank output early in 2025 reversed, ...

Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed's independence. Experts say he's not the first ...

The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.

Not only did the US economy grow at a 3% rate in the second quarter, the growth was all in the private sector as the ...

WASHINGTON (TNND) — In one of the most scrutinized – but least surprising – monetary policy decisions in recent memory, the Federal Reserve announced Wednesday it will hold interest rates steady for ...

The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

The Federal Reserve on Wednesday kept interest rates unchanged for the fifth consecutive meeting as it remains under intense ...