The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.

If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least ...

Federal Reserve Chair Jerome Powell will appear before Congress this week. He will assess the Fed's battle against inflation and possibly face scrutiny about the central bank's decision-making process ...

Eleven of the chairs and deputy chairs appointed this year identify as Black, Hispanic, or otherwise non-white, down from 14 last year. More broadly, however, of the 108 spots on the 12 Fed bank ...

Bessent’s plan of having the Treasury Department diverge from the Fed is unusual. “It’s quite unconventional for the Treasury Department and the White House to take an active role in ...

Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair ...

The Federal Reserve held rates steady at the end of its two-day meeting Wednesday despite pressure from the White House. High interest rates have affected all sorts of consumer borrowing costs ...

Despite the White House pressure, central bankers should hold firm and take a break from policy changes, said former Dallas Fed President Robert Kaplan. "It's the right call to stay steady.