WASHINGTON (AP) — President Donald Trump said he plans to announce his choice for chairman of the Federal Reserve on Friday morning, a long-awaited decision that could set up a showdown on whether the ...

President Trump said he will announce Friday morning his nominee for Federal Reserve chair to replace Jerome Powell, whose ...

The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in ...

The central bank put interest rate hikes on pause and delivered a generally sanguine view of the economy. After three ...

Supreme Court appeared ready to deal Trump a major setback as justices showed strong support for keeping Federal Reserve ...

With the Federal Reserve, however, the Supreme Court’s conservative justices have applied a different view: that the Fed’s ...

The Supreme Court explored several pathways as it weighed the monumental battle over President Trump’s firing power at the ...

A growing list of Republicans, including two senators on the influential Senate Banking Committee, have spoken out against the Justice Department subpoenas of the Federal Reserve and warned that the ...

The Federal Reserve resumed securities purchases in December 2025, increasing its portfolio by $33.3 billion since late November. U.S. commercial banks currently hold nearly $3.0 trillion in excess ...

Trump has urged the Fed to significantly lower interest rates.

Trump’s legal arguments “would weaken, if not shatter, the independence of the Federal Reserve,” the justice said.