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Created by Congress in 1913, the U.S. Federal Reserve is America's central bank. Between March 2022 and July 2023, the Fed raised the fed funds rate from near-0% to a level between 5.25% 5.5%, a 17- year high. The Fed's goal was to help reduce inflation, which had soared to a 41- year high of 9% in July 2022.

WASHINGTON— The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the U.S. labor market. Stephen Miran, President Donald Trump's appointee confirmed Monday in the Senate the same day an appeals court refused to go along with Trump's…

Nebraska's rural economy is sputtering, with tariff-related uncertainty compounding challenges that farmers have faced for several years. That's the picture painted this week by the September report from the Rural Mainstreet Index, a survey of rural bank CEOs compiled by Creighton University economist Ernie Goss. The Nebraska reading dropped from 43.2…

-Over several months, the Trump Administration has pressed the Federal Reserve, the nation's central bank, to lower interest rates as a cure for the nation's ailing economy. Then on September 7, the Department of Justice opened a criminal investigation of Governor Lisa Cook in the aftermath of alleged but undocumented mortgage fraud. A Georgia native, Governor…

-The Federal Reserve implemented a strategic interest rate reduction on Wednesday, marking its first rate cut of the year in response to mounting pressures in the U.S. labor market. The Federal Open Market Committee decreased the baseline interest rate to a range between 4 percent and 4.25 percent, representing a 0.25 percentage point reduction.

Over several months, the Trump Administration has pressed the Federal Reserve, the nation's central bank, to lower interest rates as a cure for the nation's ailing economy. Then on September 7, the Department of Justice opened a criminal investigation of Governor Lisa Cook in the aftermath of alleged but undocumented mortgage fraud. A Georgia native, Governor…

WASHINGTON— The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the U.S. labor market. GAZA: Israel launched its Gaza City off ensive Tuesday, as experts commissioned by the U.N. Human Rights Council concluded Israel is committing…

Created by Congress in 1913, the U.S. Federal Reserve is America's central bank. Between March 2022 and July 2023, the Fed raised the fed funds rate from near-0% to a level between 5.25%-5.5%, a 17- year high. The Fed's goal was to help reduce inflation, which had soared to a 41- year high of 9% in July 2022.

In 1913, Congress gave the Federal Reserve a clear and narrow mission: Safeguard the value of our money and support stable employment. The Fed, like the U.S. Department of Education, U.S. Agency for International Development and others that have come under attack by President Donald Trump's administration, has strayed far from its original purpose.

The U.S. Federal Reserve is under siege. President Donald Trump threatens to fire Chair Jerome Powell. The Supreme Court has confirmed that the chair can't be dismissed except "for cause"— a threshold that the renovation-cost overruns the president has cited don't meet.

The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday published the agenda for its community bank conference, which will take place on Thursday, October 9. The " Community Banks: A Path Forward" conference will take place at the Federal Reserve Board building in Washington, D.C., and will be livestreamed for the…

The Bank Policy Institute, the Association of Global Custodians and the Financial Services Forum submitted joint recommendations to the Securities and Exchange Commission yesterday to strengthen crypto custody requirements to protect customers and the financial system. The associations are calling for the SEC to adopt equivalent safeguards and…

The Federal Reserve lowered interest rates this week with the intent of stimulating the labor economy and freeing up purchasing power for households. Conversely, mortgage rates tend to fluctuate based on a longer-term economic outlook, said Nick Kristoff, branch manager at CrossCountry Mortgage in Bluffton. It’ s the same data Wall Street looks at… it’ s not that…

The Justice Department urged the Supreme Court on Thursday to put President Trump's firing of Federal Reserve Gov. The ask initiates a high-stakes battle at the Supreme Court over the independence of the Fed, which has traditionally been viewed as an institution kept arm' s-length from the White House's political whims. Trump fired Cook last month, citing a…

President Trump's top economic adviser praised the Federal Reserve on Thursday for making a "prudent" decision on interest rates, despite the president's calls for a much steeper rate cut. Kevin Hassett, director of the White House National Economic Council, backed the Fed's move to cut interest rates by 0.25 percentage points Wednesday after months of White…

In response to this overall cooling, the Federal Reserve cut interest rates on Wednesday in hopes of providing a lift to the job market— which it's recognized is in a "curious balance." That's a concern shared by Harvard economist Jason Furman. He recently joined "Marketplace Morning Report" host David Brancaccio to discuss.