Anna Paulson will become president of the Federal Reserve Bank of Philadelphia on July 1. She replaces Pat Harker.

All the major banks passed the Federal Reserve's annual “stress tests" of the financial system, the central bank said Friday, ...

Steady job growth and slightly elevated inflation rates indicate that the Fed will avoid rate cuts for now despite Trump’s demands.

The Fed continues quantitative tightening, shrinking its securities portfolio by $2.1 trillion since March 2022, but excess ...

President Trump plans to name a successor to Jerome Powell, who ends his term as Fed chair in May 2026. Two contenders have ...

Federal Reserve Chair Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it ...