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.

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,

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.

Federal Reserve Chair Jerome Powell once called he pandemic-era burst of high inflation "transitory." Fed officials now expect it to last more than seven years from when it started.

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

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.

Federal Reserve Chair Jerome Powell on Wednesday explained why the three missions Congress imposed on the central bank add up to two in real-world conditions.