Unemployment rose to 6.3% in the 20-nation currency area, up from 6.2% in April, the European Union's statistics agency Eurostat said Wednesday. A consensus of economists polled by The Wall Street ...

“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up ...

Federal Reserve Chair Jerome Powell said the central bank would have likely already moved to lower borrowing costs if it weren't for worries that tariffs would drive up inflation.

The Fed hasn’t lowered interest rates at all this year: Central bankers broadly expect Trump’s tariffs to have some effect on ...

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest ...

At the Wednesday press conference, Powell underscored the relative strength of the economy, citing solid labor market conditions including the 4.2% unemployment rate, a low inflation rate and ...

The Federal Reserve kept its key interest rate steady at a range of 4.25% to 4.5% Wednesday, as financial markets had widely expected. The Fed is continuing its "wait-and-see" approach, avoiding ...

Federal Reserve Chairman Jerome Powell is holding a press conference following a two-day policy meeting in which the Fed decided to hold interest rates steady. The Federal Reserve noted that while ...

Topline The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a memo—following suit with the Trump administration’s efforts to ...

Fed Chair Jerome Powell declined to say whether he would remain on the Federal Reserve Board of Governors after his term ends next or if he would remain on through the end of his governorship in 2028.

Michael S. Barr took office as a member of the Board of Governors of the Federal Reserve System on July 19, 2022, for an unexpired term ending January 31, 2032. Mr. Barr served as the Vice Chair for ...