WASHINGTON – Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the ...

A 5/1 ARM has an average rate of 5.98% today. You’ll typically get a lower introductory interest rate with a 5/1 ARM in the first five years of the mortgage. But you could pay more after that period, ...

For the vast majority of homeowners, there's currently little financial incentive to refinance their mortgages. So far in 2025, average mortgage rates have remained elevated, consistently hovering ...

Asian shares are mostly higher while U.S. futures slipped after President Donald Trump rocked Wall Street by saying he had ...

The Indian rupee stayed confined to a narrow trading band on Thursday, supported by modest exporter dollar sales, while ...

The president of the New York Fed suggested he is reluctant to support lowering interest rates ahead of the bank’s next meeting, arguing that tariffs are likely to drive further inflation.

Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams ...

Former U.S. President Donald Trump expressed a desire for Federal Reserve Chair Jerome Powell to resign, though he acknowledged the potential market disruption it could cause. Trump criticized Powell ...

President Donald Trump sent the U.S. stock market on a jagged round trip July 16 after saying he had "talked about the ...

Economists interviewed by Newsweek warned that removing Powell now would roil markets, erode trust in U.S. institutions and ...

Stocks had been rising modestly in the morning, before news reports saying that Trump was likely to fire the Fed chief, which ...

President Trump said it was "highly unlikely" he would fire Jerome Powell, but also said he discussed the idea with Republican lawmakers who expressed support.