Many on Wall Street view Warsh as an inflation hawk, someone who prefers higher rates to keep a lid on prices. In fact, Warsh ...

President Donald Trump said Friday he is nominating Kevin Warsh to be the 17th chair of the Federal Reserve after Jerome Powell’s term ends in May.

Home shoppers waiting for significantly lower mortgage rates this year may be disappointed, even if the next Federal Reserve chair wants to lower interest rates.

Central bankers cut rates three times last year, but are cautious about lowering borrowing costs any further due to a weakening job market. President Donald Trump has said his pick for a new Fed Chair ...

President Donald Trump could announce his nominee for the next Federal Reserve chair as soon as this week, and has signaled that his pick must push for significant interest rate cuts. But whoever he ...

The Federal Reserve on Wednesday kept interest rates unchanged as the central bank fights to maintain its ability to set interest rates without political interference.

After cutting interest rates three times in a row last year, the Federal Reserve indicated last month it probably won’t lower interest rates again for a while. A months-long pause, cemented by key ...

Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday.

The announcement caps an extensive search that started in September and was spearheaded by Treasury Secretary Scott Bessent, who presented final candidates to the president.

In recent months, the Trump administration has framed high energy costs as a problem impacting only blue states. But the truth is electricity prices are rising nationwide and experts say some Trump ...

President Donald Trump plans to announce his pick for the next Federal Reserve chair on Friday morning. Among the finalists is one man who checks many of the boxes: BlackRock executive Rick Rieder.

Federal Reserve Chair Jerome Powell refused to answer three straight questions about politics during his press conference ...