The Fed leader discussed the reasoning behind the central bank’s decision to cut rates at its second straight meeting as well as the move to stop shrinking its multitrillion-dollar asset portfolio.

Federal Reserve Chairman Jerome Powell said that a lack of key data due to the government shutdown will cause the central bank to be cautious until it has a clearer view of the economy.

In February, the 12 presidents at the regional Federal Reserve banks will need to be reconfirmed in their jobs by the central bank’s Board of Governors. President Donald Trump’s effort to gain control

Federal Reserve Chair Jerome Powell's comments about the December rate-setting meeting—a set of decisions that are six weeks away—went well beyond the standard disclaimer that the Fed's decisions are never on a preset path.

By Ishaan Arora (Reuters) -Gold rebounded nearly 2% on Wednesday as investors found the metal attractive after prices fell to a three-week low in the previous session, while the Federal Reserve rate cut decision and Chair Jerome Powell's speech took centre stage.

Federal Reserve Chairman Jerome Powell plans to serve out his term, which ends in May of 2026, but that isn't stopping Treasury Secretary Bessent from moving ahead with finding his replacement.

Wall Street is optimistic as markets anticipate a 0.25% Fed rate cut, with investors cheered by President Trump’s talk about a deal with China and strong gains in tech stocks. The S&P 500 hit a record high yesterday even though most stocks within it were flat or down,