Speculation arises over Trump's ability to fire Fed chief Powell, highlighting the Fed's independence from presidential ...

The central bank’s governors vow to re-elect Jerome Powell chairman even if the president fires him.

Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a ...

Bond investors have sent Treasury yields significantly higher in recent weeks even as the Federal Reserve has cut interest ...

Musk – the richest person in the world with a net worth of $304 billion, according to Forbes – played a central role in ...

The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according ...

A Trump victory sent stock investors into beast buying mode, which was broad in nature with most sectors seeing big gains, ...

WASHINGTON — Federal Reserve Chairman Jerome Powell said Thursday he would not resign if requested by President-elect Donald Trump in a potential dispute over constitutional authority. The Federal ...

Falling interest rates are good news for car buyers and people with credit card debt, but after the presidential election, mortgage rates are on the rise. CBS News business analyst Jill Schlesinger ...

Yet, Powell’s defiance ought to provoke us to ask why wealthy, pampered, out-of-touch technocrats like Jerome Powell get to ...

Imagine you’re at a job you love but you have a boss you just really don’t get along with. You stick it out, though, because, after all, it’s your dream job. Then one day your boss leaves and ...