President Donald Trump is calling on a Federal Reserve governor to resign over an accusation of mortgage fraud.

Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday.

The Fed chair will speak Friday at an annual economic symposium in Jackson Hole, Wyo. The speech comes as the central bank is under mounting pressure from the White House to lower interest rates.

For much of the year, the average rate on a 30-year mortgage has hovered relatively close to its 2025 high of just above 7%, set in mid-January. Since last week, the average rate has been at its ...

Federal Reserve Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if central bankers were making a policy decision tomorrow.

Kansas City Fed president Jeffrey Schmid opened the door to rate cuts in September, but remains wary of inflation pressures in the economy.

Grownups like Powell and Cook are firm, but restrained. In a piece about Powell this week the WSJ quoted one of his former colleagues as saying, “I think it is no more subtle than he wakes up every ...

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high ...

Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage ...

Disappointing earnings reports and weak labour data on Thursday pave the way towards Fed Chair Jerome Powell's Friday speech ...

NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint ...