The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about ...

The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed ...

The Federal Reserve concluded its last meeting of the year with a widely anticipated 25 basis point cut to the federal funds rate (FFR), bringing it to a range of 3.50-3.75%. Inflation has proven ...

Low-income Americans have missed out on the wealth effects that have benefited the highest earners. The Fed, which has played a role in what economists refer to as the K-shaped economy, can’t easily ...

Federal Reserve Chair Jerome Powell has endured nearly every crisis a central banker can face during his eight years at the helm of the Fed: blistering public attacks during President Donald Trump’s ...

Savings rates near zero prevent further prime rate reductions, though Hibor-linked loans will get cheaper, analysts say.

You can count on it: When the Federal Reserve changes its interest rate, news headlines about mortgage rates will follow. This cycle unfolds up to eight times a year, so many home shoppers get the ...