A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.

The Trump administration says it will facilitate the return of former detainees of an El Salvador prison to the U.S. from Venezuela, if required by a court.

One Fed paper found LLMs have a surprisingly good understanding of the economic topics discussed in the Fed’s minutes, while another looked at using machine learning to forecast financial crises, Cook said.

Michelle Bowman, the US Federal Reserve’s top bank cop, encouraged the financial industry to consider more innovation as one way to rope in credit invisible Americans who often struggle due to insufficient credit histories.

Monetary policymakers have held off on lower interest rates for months, citing the risk of tariff-induced inflation. Several now say this week's CPI and PPI reports confirmed their suspicions.

The grand juror is accused of disclosing “the names of various witnesses” who appeared, the substance of their testimony, and other evidence presented to the grand jury.

Federal Reserve Governor Michael Barr emphasized that regulation must evolve with the financial system, issuing a warning as Trump-era officials look to ease rules for big banks and shift to a lighter touch.

Boston Federal Reserve President Susan Collins said on Tuesday she's in no rush to change the U.S. central bank's benchmark interest rate amid current economic uncertainty, as data suggest that while import tariffs will drive up inflation,