The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.

Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central bank should have cut interest rates when it met this week, as it offered some support to those who’d favored an easing in borrowing costs.

If you look at the labor market, what you see is, by many, many statistics, the labor market is kind of still in balance,” Powell said. While demand for workers is slowing, t

Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy at a time when President Donald Trump is pushing for lower interest rates.

President Trump called on the Federal Reserve board to 'assume control' if Chair Jerome Powell does not lower interest rates, escalating his ongoing feud with the central bank’s head.