Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.

The Fed chair is expected to deliver a simple message to lawmakers: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.

After their meeting Wednesday, Fed officials held interest rates steady in a range of 4.25% to 4.5%. In December, officials had penciled in two quarter-point cuts for 2025. Also read: Powell takes ...

WASHINGTON — After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark ...

Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is ...

Her first computer was a Macintosh Plus. The Federal Reserve paused interest rate cuts at today's meeting. Suffice it to say, this wasn't the most interesting decision of 2025 so far. Still ...

The market's expectations of a near-term Fed rate cut continued to decline after the central bank issued a less dovish ...

The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

"The Fed would prefer to stop short on rate cuts than reverse course and have to raise rates if inflation were to reignite," ...

In a move that many Americans have been anticipating over the last couple months, on Wednesday the Federal Reserve raised interest rates for the first time since December 2018. The Fed ...

WASHINGTON (AP) — The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon ...