Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

Jerome Powell’s stint leading the Federal Reserve is finished, but his battle with President Trump is far from over. Powell’s second four-year term as chair of the Fed board ended Friday, two days ...

The visuals were nothing special: man in suit addresses camera against a plain blue backdrop. The run-time was only two minutes. But Jerome Powell’s video message to the American public one Sunday ...

Powell is eligible to do so because his term on the board of governors officially ends in early 2028. The move breaks 75 years of precedent, in which the Fed chair vacates their position on the board ...

WASHINGTON, April 29 (Reuters) - Federal Reserve Chair Jerome Powell closed out eight years as head of the U.S. central bank on Wednesday with interest rates on hold, rising concern about inflation, ...

WASHINGTON (AP) — The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday’s news conference will be closely watched for any clarification.

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Leading Republicans in Congress are growing restless over the ...

So much so that, prior to today, instead of forecasting interest rate cuts this year, the market shifted its stance to predict no interest rate changes for the foreseeable future, with a rate hike ...

The Fed decided to hold rates steady as the Iran conflict drives oil higher and clouds economic forecasts. WSJ’s Nick Timiraos explains. At a news conference, Powell said he had “no intention of ...

Federal Reserve Chair Jerome Powell said Wednesday he would not step down as leader of the central bank until his successor is confirmed and would not leave the bank’s board of governors until the ...

Federal Reserve Chair Jerome Powell says he will not step down from the central bank's board until an investigation launched by President Donald Trump's Justice Department into Powell's congressional ...

Federal Reserve Chairman Jerome Powell said Wednesday he will remain at the central bank while the Department of Justice’s criminal investigation continues. "I have no intention of leaving the board ...