Federal Reserve Chair Jerome Powell defended the central bank's decision to not cut interest rates so far this year and said it would have already cut rates if not for tariffs.

Why the Fed cut rates. After hiking rates for 18 months straight, the Fed began its current rate-cutting path in September, encouraged by positive economic and employment data. According to ...

Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...

“I think we’re in the position that we could do this as early as July,” Fed Governor Christopher Waller told CNBC’s “Squawk Box” on Friday morning.

Fed policymakers at their July meeting opted to hold the federal funds rate at 5.25% to 5.50% and indicated that inflation is nearing a level where they would be comfortable cutting rates.

The market is getting increasingly excited about the possibility of interest-rate cuts from the Federal Reserve, but London-based strategists at JPMorgan say the reasons behind the reductions are not ...

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this ...

U.S. Secretary of the Treasury Scott Bessent speaks during a press conference following a weekly policy luncheon on Capitol ...