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Supreme Court rulings loom in four major Trump-related cases
The Supreme Court will decide four major cases involving President Donald Trump, including birthright citizenship and Federal Reserve firing.
Fed minutes show more policymakers were prepared to lay groundwork for rate hike
A growing number of Federal Reserve officials said last month the central bank should lay the groundwork for a possible rate hike.
Warsh clinches Senate approval as next Fed chair as inflation intensifies
The U.S. Senate approved Kevin Warsh as chair of the Federal Reserve, putting him at the helm as the central bank grapples with intensifying inflation.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
Economy posts second straight month of strong job gains, but strains remain
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience.
Annual inflation posts biggest gain in nearly three years in March
Inflation accelerated in March with the personal consumption expenditures price index rising 0.7%, the largest gain since June 2022, driven by higher gasoline prices.
Fed holds rates steady amid sharp divide over policy easing bias
The Federal Reserve held interest rates steady, but in its most divided decision since 1992 noted rising concerns about inflation.
Fed chief nominee Warsh clears key confirmation hurdle in Senate
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, cleared a key procedural hurdle in the Senate.
DOJ drops investigation into Fed Chair Powell, removing obstacle to Warsh
The Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, U.S. Attorney Jeanine Pirro said.
Trump threatens to fire Powell if he doesn’t leave Fed board; probe to continue
President Donald Trump threatened to fire Jerome Powell from his separate seat on the Federal Reserve Board of Governors if he does not vacate that post as well when his term as Fed chief ends.
Fed’s Powell says Trump is stuck with him until DOJ probe is ‘well and truly’ over
Federal Reserve Chair Jerome Powell pledged not to leave the central bank until a criminal investigation of him by the Justice Department is resolved.
Fed holds rates steady as war in Iran clouds outlook
The Federal Reserve again left interest rates unchanged, ignoring President Donald Trump’s demands for cuts while acknowledging the war with Iran increases uncertainty.
