The process to choose the next head of the Federal Reserve is getting under way, Treasury Secretary Scott Bessent said, suggesting that when current Chair Jerome Powell is replaced, he should also ...

The president slapped 30% tariffs on two of America’s biggest trading partners and went on TV to fume about the head of the Federal Reserve.

US Treasury Secretary Scott Bessent suggested that Federal Reserve Chair Jerome Powell should step down from the central bank’s board when his term as chair is up in May 2026.

The U.S. is expected on Tuesday to report that rising costs for imported goods lifted overall consumer prices in June, ...

President Donald Trump's sweeping tax-cut and spending bill, which cleared its final hurdle in the U.S. Congress earlier this ...

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, ...

Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's ...

President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step ...

The Federal Reserve’s political independence — the sense that the world’s most powerful central bank makes decisions based on ...

The US central bank is grappling with housing issues on three fronts: inflation, rate policy, and its own headquarters.

Kevin Hassett is toadying hard to win the president’s favor. But don’t count out Kevin Warsh or Scott Bessent just yet in ...