Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week.

When the Federal Reserve tells us inflation is cooling or easing, all it is saying is that the rate or speed of price increases is slowing. In short, prices arestillrising just not as quickly.

HONG KONG (AP) Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy. Oil prices fell while U.S. futures edged higher.Regional investors were watching for much-anticipated steps by Beijing to rev up the slowing Chinese economy as the top body of the national legislature wrapped up a meeting...

The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.

Jerome Powell, who serves as chair of the Federal Reserve of the United States, says that, under the law, Donald Trump cannot force him to resign.During a Thursday press conference, Politico reporter Victoria Guida asked the Fed chair, "Some of the preside...

The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.

In a media briefing Thursday after announcing a reduction in interest rates, the chairman of the Federal Reserve said he would not resign if asked by President-elect Donald Trump.Chairman Jerome Powell

Federal Reserve Chairman Jerome Powell's term lasts until 2026. President-elect Donald Trump is not expected to reappoint him.

Asked at Thursday's news conference whether he would resign if Trump asked him to, Powell, who will have a year left in his second four-year term as Fed chair when Trump takes office, replied simply, "No."

The Federal Reserve cut its benchmark interest rate by a quarter-point to between 4.5 and 4.75 percent on Thursday.

NEW YORK (AP) U.S. stocks are ticking higher Thursday, ahead of theFederal Reserves announcementcoming in the afternoon about what it will do with interest rates.

Federal Reserve chair Jerome Powell told reporters on Thursday he will not resign before the end of his term, even if President-elect Trump asks him to leave.Why it matters: Powell's intention to serve out the rest of his term sets up a new battle between the central ba...

The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.

State of the Union: The Federal Reserve approved a quarter-point cut to the federal-funds rate.The post Fed Cuts Rates by a Quarter Point appeared first on The American Conservative.

Federal Reserve Chair Jerome Powell said he would not resign from his position if President-elect Donald Trump asks him to do so.Read more...

Federal Reserve Chair Jerome Powell said he would not leave his post if asked by President-elect Donald Trump, Bloomberg reports.

The Federal Reserve unanimously voted to cut interest rates by 0.25 percentage point on the heels of Donald Trumps victory in the presidential election.The post Fed Cuts Interest Rates by 0.25 Percentage Point Following Trump Victory appeared first on...

Federal Reserve Chair Jerome Powell said he would not resign from his position if President-elect Donald Trump asks him to do so.Read more...

Federal Reserve Chairman Jerome Powell said he would not step down from his role if President-elect Donald Trump asked him to do so. Powell, who was nominated by Trump to lead the central bank, butted heads with the former president during his first term. Trump has reportedly had private conversations about whether he has the […]