Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher inflation deterred the MPC from agreeing a large cut.

Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more ...

Live coverage of Fed Chair Jerome Powell's semiannual address to Congress. He spoke to the Senate on Tuesday and will speak ...

Since assuming office in September 2023, Governor Olayemi Cardoso has implemented several bold monetary policy reforms aimed ...

The Federal Reserve's job is to control inflation, but has little ability to influence one of its biggest drivers, Fed Chair ...

Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s ...

With less restrictive monetary policy and a continued strong economy, the Federal Reserve will not rush to further reduce ...

The Federal Reserve chair delivers his first semiannual monetary policy report of the 119th Congress, where he is expected to ...

U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...

Fed chair gave senators little fresh guidance on rate path, but sought to clarify Fed’s relationship with Trump ...

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut ...

Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the ...