In split vote, Fed policymakers snub Trump, leave rates unchanged

With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Continue reading

Fed rebuts accusations that Powell mismanaged $2.5B renovation

Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading

Rates ease as Fed says it will dial back balance sheet tightening

Federal Reserve policymakers say they’ll slow the pace of “quantitative tightening” to $40 billion a month, less than half the pace envisioned 2 years ago. Continue reading