Powell said when it comes to taking the interest on reserve power away, "there's an illusion that it would save money. That ...

The Fed's interest on reserves tool, now set at 4.4%, binds the top end of the federal funds rate, while the reverse repo ...

Colorado Rep. Brittany Pettersen (D) questioned Federal Reserve Chair Jerome Powell on interest rates and the economy. Powell ...

President Donald Trump on Wednesday criticized Federal Reserve Chairman Jerome Powell for keeping interest rates too high, ...

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest ...

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest ...

Powell said the Federal Reserve will not cut interest rates until the impact of tariffs on inflation is clearer.

The Fed chair told lawmakers the central bank remains focused on ensuring one-time price hikes from higher tariffs won’t ...

Follow live coverage and the latest news from Federal Reserve Chairman Jerome Powell. He'll speak to both chambers of ...