The Federal Reserve has been battling inflation since March 2022, when it began ratcheting up rates to cool the economy, eventually pushing its benchmark rate to its highest level in 23 years.

Federal Reserve holds interest rates steady 08:44. Federal Reserve officials said they are leaving the central bank's benchmark interest rate unchanged, a decision widely expected by economists ...

July 26 (Reuters) - European shares snapped a six-day winning run on Wednesday, hurt by underwhelming results from French luxury goods giant LVMH as well as nerves ahead of the Federal Reserve's ...

The Federal Reserve is planning to reduce its workforce by 10% over the next few years, according to a memo by Fed Chair Jerome Powell sent to employees on Friday.

The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep what appears to be a steady but cooling economy stable. The move, the Fed's third rate cut ...

The Federal Reserve on Wednesday announced that it will leave a key interest rate unchanged for the second consecutive meeting amid uncertainty over inflation, the labor market and tariffs' impact.

The Federal Reserve will reduce its work force by 10 percent over the next several years to ensure the institution is “right-sized and able” to carry out its duties to foster a healthy economy.

The Federal Reserve ran an operating loss of $77.6 billion last year, the second straight year of large losses. Those losses are a side effect of the central bank’s campaign to aggressively ...