Presidents can control monetary policy even without replacing the Fed chair, Benn Steil writes in a commentary essay.

Rates had previously been held at a 23-year high since July 2023. There was some division on the final decision, with Fed governor Michelle Bowman dissenting. She preferred to cut rates by 25 basis ...

The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before ...

Initial employment data shows virtually no job growth in October. With the Federal Reserve's focus on the labor market, the ...

Gold rebounded at around the 50-day Simple Moving Average (SMA) at $2,639 and aimed towards the $2,700, but buyers lacked the ...

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and ...

However, the decision to reduce the target range for the Fed funds rate by 25 basis points to 4.5-4.75% was unanimous, unlike ...

The 10y Bund yield tops swap rate for the first time One of the main developments in EUR rates was that 10Y Bunds started to ...

(Reuters) -Wall Street was set for a muted open on Friday, as a rally powered by a sweeping Trump win and an expected ...

The GBP/USD barely moved after the Federal Reserve (Fed) cut rates by 25 basis points (bps) to the 4.50%—4.75% range. At the ...

First, the spotlight will be on FedSpeak, with commentary expected from Federal Reserve Governor Michelle Bowman and St.