News

Anna Paulson will become president of the Federal Reserve Bank of Philadelphia on July 1. She replaces Pat Harker.
Steady job growth and slightly elevated inflation rates indicate that the Fed will avoid rate cuts for now despite Trump’s demands.
All the major banks passed the Federal Reserve's annual “stress tests" of the financial system, the central bank said Friday, ...
The Fed continues quantitative tightening, shrinking its securities portfolio by $2.1 trillion since March 2022, but excess ...
President Trump plans to name a successor to Jerome Powell, who ends his term as Fed chair in May 2026. Two contenders have ...
“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up ...
The Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market.