Going into the latest Fed meeting, bond markets were already predicting inflation would average 2.4% a year over the next five years, well above the Fed’s 2% target. After the meeting and Powell’s ...

The FOMC voted 11-1 to cut the federal funds rate by a quarter percent, setting the interest rate between 4 and 4.25 percent.

Discover how strong fiscal flows, bank credit, and liquidity trends may fuel a stock market rally into year-end.

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Journal Editorial Report: The Fed Chief signals rate cuts are coming. The Constitution gives Congress the power to coin money and regulate its value. Congress, in fulfilling that delegated ...

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The Federal Reserve is monitoring new inflation data as it weighs potential interest rate adjustments due to a shaky job market and ongoing economic challenges. We're looking at core inflation, which ...

President Donald Trump continues his mission to control all agencies, independent or otherwise. In a move sparking outrage, Trump fired Federal Reserve Governor Lisa Cook late Monday. Cook, the first ...

While it is still uncertain whether President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook, who is preparing a legal challenge, will succeed, her potential departure gives him ...

Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston. Washington — President Trump said Monday he has fired Lisa Cook ...