Central bankers cut rates three times last year, but are cautious about lowering borrowing costs any further due to a weakening job market. President Donald Trump has said his pick for a new Fed Chair ...

President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.

Fed Chair Jerome Powell pauses interest-rate cuts in January 2026, citing economic strength. Markets react as FOMC holds rates steady amid political tension.

Mortgage interest rates have moved lower from late last summer through to the new year, often ahead of the Fed’s cuts. The central bankers’ latest announcement is unlikely to move mortgage rates, but ...

The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% ...

By Dhara Ranasinghe, Lewis Krauskopf and Tom Westbrook LONDON/NEW YORK/SINGAPORE, Jan 30 (Reuters) - The choice of Kevin Warsh to lead the U.S. Federal Reserve clears uncertainty on Wall Street about ...

The announcement caps an extensive search that started in September and was spearheaded by Treasury Secretary Scott Bessent, who presented final candidates to the president.