President-elect Donald Trump is eyeing a new candidate for Treasury Secretary amid internal debate over who should have the role: the former Federal Reserve governor Kevin Warsh, the New York […]

Inflation increased modestly in October after hitting a seven-month low in September in a sign the Federal Reserve still has work to do to get lingering price pressures worked out of the economy.

Interest rates consumers pay for mortgages, auto loans and credit cards have risen substantially even as the Federal Reserve took a cleaver to the rates it controls back in September and cut those rates by another quarter point Nov. 7.

More interest rate cuts are likely, according to the chair of the Federal Reserve, Jerome Powell. However, Powell suggested the rates might not be that much lower over the next few months. Powell said more rate cuts are likely because the economys current trends, such as cooling inflation and relatively elevated rates, are expected to […]

The Federal Bureau of Investigation is seeking the public's help in identifying a man investigators are seeking to question in connection with a child sexual exploitation case.

U.S. stocks fell to their worst loss since Election Day as the rally that Wall Street got from last weeks victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading. The S&P 500 sank 1.3% Friday to close a losing week. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite fell 2.2%. Moderna and other makers of vaccines hel...

The Federal Aviation Administration is investing a close call involving an American Airlines (AAL) flight. The plane

The Federal Aviation Administration is investing a close call involving an American Airlines (AAL) flight. The plane

The Federal Emergency Management Agency is under fire after a supervisor directed staff to avoid helping Florida residents with signs supporting Donald Trump, but that... Read MoreThe post

European markets shifted lower during a choppy session Friday, as investors assessed fresh economic data and comments from U.S. Federal Reserve Chair Jerome Powell.

Wall Street’s main indexes closed lower today after Federal Reserve Chair Jerome Powell dampened investors’ hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy.

Federal Reserve Chair Jerome Powell speaks on the economic outlook in a conversation before event hosted by the Dallas Regional Chamber, World Affairs Council of DFW, and the Federal Reserve Bank of Dallas, in Dallas, Texas, at 2:45 p.m. ET on Nov. 14.

Andriana Kugler, a member of the Feds board, says economic research shows that an independent central bank typically does a better job keeping inflation low.

It seems likely the mortgage-backed securities will be on the Feds balance sheet until they finally mature. In the meantime, they will continue racking up billions of dollars in cash losses each month.