Federal Reserve News

Appeals Court Blocks Trump From Removing Democrats From Labor Boards

A federal appeals court blocked U.S. President Donald Trump from removing Democratic members from two federal labor boards on Monday, setting aside its earlier ruling. The decision by the U.S. Court of Appeals for the District of Columbia Circuit further …

Fed’s Powell: Strong Economy Means No Hurry to Cut Rates

The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in …

Supreme Court’s Zeal to Curb Agency Power Looms in New Term

Fresh off a blockbuster US Supreme Court decision that rolled back the power of federal agencies to regulate business, big-government foes are pressing an even bolder agenda. As the court prepares to start its new term next month, conservatives are …

Fed’s Powell Says ‘Time Has Come’ to Cut Interest Rates

JACKSON HOLE, Wyoming, Aug 23 (Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further …

Pandemic Shifted US Jobs Out of Big Cities Into Smaller Metros

The pandemic changed where Americans are likely to live and work, with a growing portion of job openings moving away from the biggest cities and into smaller metro areas, according to a Federal Reserve Bank of New York . Job …

Fed Policymakers Signal Rate Cuts Ahead, But Not Recession

U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary freefall, but also warned that the Federal Reserve will need to cut rates to avoid such an outcome. …

Lingering Inflation Risks Keep Fed Officials in Wait-and-See Mode on Rate Cuts

The Federal Reserve entered 2024 within spitting distance of its inflation goal. But that’s not quite close enough for policymakers. The risk that inflation could remain stuck above their 2% target is guiding Fed officials’ preference to keep interest rates …

Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says

Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday in a detailed rebuttal of …

Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits

A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The …

Fed Plans Broad Revamp of Bank Oversight After SVB Failure

The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for fixes at Silicon Valley Bank before the U.S. lender’s collapse, and promised tougher supervision and stricter rules for banks. In …