News

Federal Reserve holds its benchmark rate steady at today's FOMC meeting

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

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

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

Tracking Trump: Labor statistics chief fired; a Federal Reserve governor resigns; Trump deploys nuclear subs; and more

Trump fired the labor statistics chief after a negative jobs report. What happened: President Donald Trump announced he had ...

Sen. Rand Paul favors the prospect of abolishing the Federal Reserve

Republican Sen. Rand Paul indicated that he would support abolishing the Federal Reserve if the U.S. adopted a balanced ...

Federal Reserve Holds Key Interest Rate Steady as Central Bankers Weigh Tariff Effects

Fed Chair Jerome Powell and other members of the Fed's policy committee have said they're concerned President Donald Trump's ...

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

President Donald Trump on Friday called for the Federal Reserve's board of governors to usurp the power of Fed Chair Jerome ...

Federal Reserve set to announce July interest rate decision

The Federal Reserve is set to announce its July interest rate decision on Wednesday. CBS News business contributor Javier ...

Larry Kudlow asks ‘what are we waiting for’ amid Federal Reserve’s refusal to cut interest rates

Kudlow’ host Larry Kudlow discusses the Federal Reserve’s decision to keep interest rates unchanged on ‘America Reports.’ ...

Federal Reserve economists aren’t sold that AI will actually make workers more productive, saying it could be a one-off invention like the light bulb

Central bank economists find generative AI "at the crossroads," debating if it could be as revolutionary as the electric ...