The effects of potential changes in trade and immigration policy suggested” restoring 2% inflation “could take longer than previously anticipated,” according to the Fed minutes released Wednesday.
United States Federal Reserve officials said that the strong economy toward the end of 2024 and inflation staying above its “2% target” may mean the economy “needs neither restriction nor support.”
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
A proposal from two top nominees would let the president fire board members at will, and give Congress budget authority.
Officials are deeply worried that the incoming president's policies on immigration and trade will cause inflation to rise.
Donald Trump tariff plans and Fed policies raise questions on their impact on global trade, inflation, and the cryptocurrency market in 2025.
The S&P 500's return since Election Day has fallen to just around 0.5%. If that holds through Inauguration Day on Jan. 20, it will mark the worst performance for the broad index between an election and inauguration since Barack Obama came into the White House in 2009.
The headline The economy added 256,000 jobs in December, and the unemployment rate fell a tenth of a percentage point to 4.1%, the Bureau of Labor Statistics reported Friday. Investors expected roughly 155,
We recently compiled a list of the 10 Best Bank Penny Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Sterling Bancorp, Inc.