In a statement after a two-day meeting, the Fed steered clear of any references to Trump or the election. "In the near term, the election will have no effect on our policy decisions," Fed Chair ...

When the Fed concludes its policy meeting on Thursday, most economists expect the Fed to trim its short-term benchmark fed funds rate by a quarter percentage point to between 4.50% to 4.75%.

Expectations of Fed rate cuts typically push down mortgage rates, as they did in the lead-up to the Fed’s half-point cut in September. That downward drift was a welcome development for ...

The Federal Reserve lowered interest rates Thursday by a quarter of a percentage point as inflation continues to cool, but a cloudy economic outlook after Donald Trump was elected again could make ...

Fed Chair Jerome Powell took questions at his post-meeting press conference, where the discussion largely centered on what President-elect Donald Trump’s return to the White House means for the ...

Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: Major indexes gained as the Fed cut rates by 25 basis points, which was widely expected after an initial jumbo 50 basis ...

Asked whether he would step down amid chatter that Trump's advisers had suggested he do so, Powell replied, "No." Trump nominated Powell as Fed chairman in 2017 in his first administration.

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards ...

Indexes edged up on Thursday, heading for another day of gains after Donald Trump's election victory fueled a massive rally across the stock market on Wednesday. The Dow Jones Industrial Average ...

The 25 basis-point cut comes after Fed officials lowered rates by an aggressive 50 basis points at their previous meeting in September. In the weeks since the September meeting, a number of ...

But the Fed’s independence could be compromised once President-elect Donald Trump returns to the White House. “I feel the president should have at least a say in there. I feel that strongly ...

Here's a quick primer on interest rates and what you need to know before tomorrow's Fed decision. The Fed meets eight times a year to assess the economy's health and set monetary policy ...