The Latest Breaking News from the Federal Reserve

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

Economists warn that Trump's proposed tariffs and mass deportations could affect inflation rates

A central bank is not essential to a functioning economy.

The FTSE 100 was declining during the day but managed to gain 4.56 points late in the afternoon to close at 8,030.33.

Inflation figures closely watched by US Federal Reserve; core inflation holds steady at 3.3%

Donald Trump has since appointed Musk as co-chair of the new ‘Department of Government Efficiency’

Debate over potential changes to the Federal Reserve under Trump administration and concerns about political influence.

Asian shares are trading mostly lower, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as president

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.”

Implementing loyalists to executive branch positions, forcing local and state law enforcement agencies to comply with mass deportation and taking a confrontational approach to relations with China are all policies promoted by the America First Policy Institute, a right-wing think tank with influence over Donald Trump. Ariana Baio breaks it…