Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage ...

Kansas City Fed president Jeffrey Schmid opened the door to rate cuts in September, but remains wary of inflation pressures in the economy.

The South African rand weakened on Thursday, as investors looked to the U.S. Federal Reserve's annual Jackson Hole symposium ...

President Donald Trump ramped up pressure on the US central bank on Wednesday with a call for Federal Reserve (Fed) Governor Lisa Cook to step down as he continued to criticize Fed Chairman Jerome ...

NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint ...

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging ...

Grownups like Powell and Cook are firm, but restrained. In a piece about Powell this week the WSJ quoted one of his former colleagues as saying, “I think it is no more subtle than he wakes up every ...

Federal Reserve Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if central bankers were making a policy decision tomorrow.

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high ...

The independence of the US Federal Reserve is under scrutiny. President Trump has pressured the Fed to cut interest rates. He ...