For much of the year, the average rate on a 30-year mortgage has hovered relatively close to its 2025 high of just above 7%, set in mid-January. Since last week, the average rate has been at its ...

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

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.

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 ...

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

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 ...

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

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 ...

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 ...

Then again, if I had told you a year ago that Trump, if elected, would demand that the international body of water that has ...