Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy ...

The US Federal Reserve is the central bank of the US and plays a critical role in shaping the US economy. It is considered to be the most powerful economic institution in the United States and the ...

U.S. economic activity may appear “artificially high” before dropping off this summer, Chicago Federal Reserve President Austan Goolsbee said Sunday, as businesses and consumers look to stock ...

The Chicago staffers of the U.S. Department of Labor’s federal contractor oversight agency were put on paid administrative leave this week, along with workers in most other regions of the country.

A federal judge temporarily halted DOGE from accessing Social Security data late Thursday night with a preliminary injunction in a lawsuit brought forth by labor groups.

Chair of the Board of Governors of the Federal Reserve System Jerome Powell speaks during an event hosted by the Economic Club of Chicago, Wednesday, April 16, 2025, in Chicago. (AP Photo/Erin ...

He's starting the process of reclassifying 50,000 federal employees under what's known as Schedule F, which can make civil servants into political appointees or other at-will workers, who are more ...

White House economic adviser Kevin Hassett said Friday President Trump and his team were studying the matter when asked if firing Federal Reserve Chair Jerome Powell was an option, an indication ...

Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. Chair of the Board of Governors of the Federal ...

Donald Trump has long struggled with the basics of economic policy, but there’s one detail the president seems to understand fairly well: When the Federal Reserve lowers interest rates ...

Paulson — currently executive vice president and director of research at the Federal Reserve Bank of Chicago — will assume her new role on July 1, succeeding Patrick T. Harker, who is ...

Economist Austan Goolsbee, who also takes part in these interest rate decisions as head of the Chicago Federal Reserve Bank, says that works better than letting politicians call the shots.