Treasury secretary nominee Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Donald Trump 'is going to make his views known' as president.

The past quarter’s economic data showed that the inflation battle is not over; whether the Fed eases now depends on the data, a point Jerome Powell and the Federal Reserve have repeated ad nauseam. Then came last week’s nonfarm payrolls data for April,

When it comes to the US economy, the spotlight is on whom the president-elect might try to dismiss rather than whom he plans to appoint.

Every year the Federal Reserve conducts a stress test on about 30 U.S. banks to evaluate their ability to withstand economic crises, using hypothetical scenarios such as when the unemployment rate rises to 10 percent and housing prices drop 40 percent.

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Trump hasn’t even been sworn into office yet and he’s already locking horns with Fed chair Jerome Powell on interest rates. They're both right, underscoring the Catch-22 facing the central bank and the U.

The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”

Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.

President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair ... Trump, who appointed Fed Chair Jerome Powell during his first term in 2017 ...

Financial markets are still concerned about inflation. The Fed influences short-term interest rates, which are falling, but longer-term bonds like the 10-year Treasury are a better reflection of inflation expectations.

Treasury Secretary nominee Scott Bessent strongly opposed U.S. digital dollars at a Senate hearing and backed Trump’s anti-CBDC stance. The U.S. may stop studying digital currency plans while other countries move forward.

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement,