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,

Federal Reserve Bank of Minneapolis President Neel Kashkari on Friday said job market risks warranted this week's rate cut and likely reductions at the central bank's next two meetings, and downplayed any worry that the Fed was losing trust with the public given inflation that is still above target and the ongoing political pressure from the Trump administration.

While Federal Reserve decisions can influence savings account rates, the impact varies significantly between banks and credit unions. By understanding this relationship and actively managing your savings strategy, you can maximize your returns regardless of the current rate environment.

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.

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.

Jamie Dimon made a surprise visit to the US Capitol on Wednesday, where he discussed economic growth and the Federal Reserve with Senate Republicans just as the central bank was preparing to release its latest rate decision.

As he awaits Senate confirmation to be the U.S. Ambassador to Peru, Miami lender Bernie Navarro has settled a lawsuit brought against him and his company by the Federal Reserve Bank of San Francisco.

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.