Four years after blasting United States fiscal and monetary policymakers for excessive stimulus that risked the biggest inflation blowout in a generation, former Treasury Secretary Lawrence Summers ...

Fed Chair Jerome Powell at a Senate hearing Tuesday repeated his message from last month, that the central bank doesn’t need to rush to lower rates after having brought the benchmark down by 1 ...

The Fed acted after Trump mandated a governmentwide hiring freeze, ordering that no federal position vacant at that time could be filled and no new positions created. "The Fed has historically ...

The statement was signed by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell and becomes effective Monday 20 March. Banks included are the Bank of Canada ...

U.S. inflation accelerated in January, unwelcome news to markets, companies and consumers hoping for interest rate relief, as ...

“Former Biden Treasury Secretary Janet Yellen affirmed last year that tariffs do not raise prices: “I don’t believe that ...

Donald Trump has beckoned the Federal Reserve to slash the federal funds rate, evidently out of fear that current monetary policy will obstruct his imminent imposition of widespread tariffs. Jerome ...

Federal Reserve Chairman Jerome Powell is on Capitol Hill Tuesday for the first of two hearings he will testify in this week.

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

The hearing before the Senate Banking Committee was relatively quiet absent a few back-and-forths on the economic effects of Donald Trump’s tariffs. The Latest The Federal Reserve chairman heads ...

The writers are former Treasury secretaries. When we had the honor of being sworn in as the 70th, 71st, 75th, 76th and 78th secretaries of the Treasury, we took an oath to support and defend the ...