The Federal Reserve was expected to lower its key interest rate later that month, and Doolittle and his partner hoped the cut would drive down mortgage rates even further. The wait cost them.

The Federal Reserve system is designed to be insulated from partisan politics. But conservatives increasingly see it as an ...

The Federal Reserve booked $19.9 billion in operating losses in the third quarter. Keep in mind that Fed losses ultimately ...

With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates ...

With a recession deepening and the 1982 midterm elections approaching, Federal Reserve chair Paul Volcker was summoned to the Oval Office, where Ronald Reagan was sitting with his chief of ...

The U.S. banking system’s $3.3 trillion cash raises concerns over inflation. Read why policies may lead to new inflationary ...

The Federal Reserve cut its policy rate by 25 basis points, following a 50-bp rate cut in September, according to the FOMC ...

Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual ...

Delete CFPB,” Elon Musk, the billionaire tech executive running the “Department of Government Efficiency,” said in an ...

Copyright 2024 The Associated Press. All Rights Reserved. FILE - Federal Reserve Chair Jerome Powell listens to a question ...

President-elect Donald Trump has expressed support for the bitcoin idea, which some economists see as inflationary and costly, depending on its implementation.

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation WASHINGTON -- Federal Reserve officials signal cautious path for rate cuts amid still-high inflation.