Former Fed Chairman Paul Volcker Dies At 92
Volcker took the top job at the Federal Reserve in 1979, at a time when inflation was spiraling out of control. He is credited with taming it.
Fed
Fed Cuts Rates Again To Boost A Slowing Economy
The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in an effort to support an economy that continues to tap the brakes. Economic growth in the third quarter was just 1.9%.
Fed Cuts Interest Rates To Prop Up The Slowing Economy
The quarter-percentage-point cut will lower borrowing costs for households and businesses. The move is an effort to prolong the decade-old economic expansion in the face of rising headwinds.
Hey, Look What's New At The State Fair: The Federal Reserve
Beyond animals and fun foods, the Minnesota State Fair has a new attraction this year: the Minneapolis Federal Reserve. It's giving away (shredded) money and information about what the bank does.
More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade Tensions
The central bank will "act as appropriate" to sustain the economic expansion as the trade war with China takes a toll on global growth and parts of the U.S. economy, Fed Chairman Jerome Powell says.
If Our Economy Is So Great, Why Did The Fed Vote To Juice It?
Last week, the Fed voted to cut interest rates despite a decade of economic growth and low unemployment. Interest rates are already super low. What's going on?
Fed Cuts Interest Rates For 1st Time Since 2008
The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December.
Fed Chairman Powell Hints At Interest Rate Cut; Stocks Rally
The Federal Reserve chairman is testifying before Congress this week about challenges the economy faces. Stocks rallied in anticipation the central bank will lower interest rates later this month.
Fed Leaves Interest Rates Unchanged For Now, Cites Economic 'Uncertainties'
The Federal Reserve left rates alone, despite pressure from President Trump to pump more money into the economy. But the central bank signaled a willingness to cut rates in the future if needed.
Trump Says Stephen Moore No Longer Being Considered For Fed Post
The Trump campaign adviser and conservative pundit who came under criticism from lawmakers and economists has withdrawn his name from consideration to serve on the Federal Reserve Board.