Federal Reserve board members would not be able to hold dual positions appointed by the president if U.S. Sen. Ruben Gallego’s new bill becomes law. Gallego, D-Arizona, this week introduced the Fed Integrity and Independent Act,

In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.

By Johann M Cherian (Reuters) -European shares were little changed on Friday, capping an eventful week on a benign note with sentiment that was largely shaped by crucial central bank decisions, including the U.

The petition comes one day after Cook joined Fed Chair Jerome Powell in an 11-1 vote for a quarter-point cut to the federal funds rate.

Experts and politicians debate what the Federal Reserve should do to unfreeze the housing market and help buyers and sellers save more money and their spending power.

The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.