The U.S. central bank has released a preliminary statement detailing its annual profit or loss in early January since at least 2006, but has yet to release the numbers for 2024. The preliminary ...

The Fed, which can print money to fund its operations, captures its loss in what it calls a deferred asset. The central bank pays down that deferred asset, which stood at $223.8 billion as of March 5, ...

Some market-based measures of inflation expectations also have been rising, though Fed Chair Jerome Powell and other policymakers argue those remain at a level consistent with their 2% inflation ...

JPMorgan Chase CEO Jamie Dimon is unsurprised by President Trump’s push for lower inflation and interest rates—but warns that doesn’t mean the Oval Office can control them.

During the campaign, he routinely harped on the elevated cost of eggs and bacon and argued that his predecessor Joe Biden — together with Federal Reserve Chair Jerome Powell — had enabled an ...

Actions of the central bank can be mistaken. But long history shows that no matter the party, presidents often push for ...

Elon Musk is keen on auditing the Federal Reserve, the independent agency that makes critical decisions on interest rates that reverberate throughout the US economy. Musk, the world’s richest ...

Outgoing Fed Vice Chair for Supervision Michael Barr — who is stepping down from the top regulatory post at the end of the month to spare the Fed from a political battle with the new ...

Along with traditional economic metrics, Fed Vice Chair Philip Jefferson said financial market participants also have access to a wealth of "alternative data" — including the content of news reports ...

Sens. Rick Scott (R-Fla.) and Elizabeth Warren (D-Mass.) urged the Federal Reserve chair to hammer down on “improper” trade violations in a Friday letter, expressing concerns about what they ...

POUGHKEEPSIE, N.Y.--Federal Reserve Vice Chair Philip Jefferson continues to support a patient approach to further interest-rate cuts in light of "slow" recent progress on reducing inflation ...

Rather, targets had to be hit on an ‘inclusive’ basis that included all groups,” Kenin Spivak, chief executive and chairman at SMI Group, told The Post. “The Fed failed to raise interest ...