The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.

The Fed prevails in case against Custodia Bank as the 10th Circuit upholds the Fed's authority to decide access to central banking services.

Jay Powell declared the central bank was “driving in the fog” as the Federal Reserve cut interest rates in the middle of a government shutdown that has deprived the institution of some economic data. The quarter-point cut, which brings the US benchmark rate down to 3.75 per cent, was broadly expected. It now sits at the lowest level since 2022.

Concerns in credit markets have percolated in recent weeks. Fed Chair Jay Powell isn't concerned that they may be indicative of broader problems.

Fed Governor Waller says the U.S. central bank is entering an era that embraces DeFi and digital assets within the mainstream financial system.

On Wednesday, California Attorney General Rob Bonta joined a coalition 23 attorneys general in filing an amicus brief in the U.S. Supreme Court in Donald J. Trump v. Lisa D. Cook, a case concerning President Trump’s attempt to remove Federal Reserve Governor Lisa Cook from her position on the Federal Reserve Board.

WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s ...

The president has already called Jerome Powell, chairman of the Federal Reserve, "stupid", "imbecile" and "idiot"- and called for his resignation. The Federal Reserve is responsible for supervising the banking system,

Key Takeaways The Federal Reserve is expected to cut interest rates to a range of 3.75%–4%, but officials remain divided and cautious amid unclear economic data.Analysts anticipate the Fed will soon end its quantitative tightening program,