Powell backs change in bank-capital rules to boost liquidity in Treasury market
Federal Reserve Chairman Jerome Powell said Wednesday he supports a change to bank capital rules that has been on the industry's wish list At the moment, the Fed's "supplementary leverage ratio" ...
Bank of America CEO on inflation impact on U.S. economy: 'Rates are going to stay where they are'
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve ...
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump ...
Elizabeth Warren to Elon Musk: ‘You Don’t Get to Slither Around in the Dark’
The Massachusetts senator decries Donald Trump’s vandalism of the Consumer Financial Protection Bureau and Musk’s "Mount Everest of conflicts." ...
Trump revokes $80 million from NYC after threat to claw back FEMA cash used to care for migrants
President Trump and Elon Musk illegally revoked more than $80 million in funds from New York City bank accounts after Musk ...
Trump wants interest rate cuts. The market isn't buying it.
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...
Trump wants both lower interest rates and tariffs. Here's how that could backfire.
President Donald Trump took to Truth Social Wednesday to argue that tariffs and lower interest rates go "hand in hand," suggesting that new trade barriers could prompt the Federal Reserve to ease ...
Fed's Bostic: Not comfortable cutting rates again until there is more clarity on inflation, other policies
Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again ...
Dow Jones Today: Stocks Pare Losses, Yields Soar on Hot Inflation Report
U.S. stocks pared early losses on Wednesday but remained mostly lower after inflation data came in hotter than expected, potentially complicating the Federal Reserve's job of returning inflation to ...
Fed's Powell says central bank still has access to data it needs
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its ...
Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the ...
Markets trim Fed rate cut bets following hot inflation report
A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and ...