Sarah Bloom Raskin, a former Fed governor and senior fellow at the Roosevelt Institute, says the court failed to offer a sound legal basis for treating the Fed differently.

A Republican senator’s plan to take away the Federal Reserve’s power to pay banks interest on cash they park on central bank books could cause chaos for monetary policy implementation if it were implemented,

President Donald Trump has set off a fresh round of worrying about his approach toward the Federal Reserve with his statement that his pick for the next Fed chair is “coming out very soon.”

I may have to force something” on interest rates, said Trump, upping the pressure on his campaign against Powell.

For context, one thing the central bank does is act as a bank for banks. And like a commercial bank pays interest on its clients deposits, the Fed pays interest on banks' reserves. Texas Republican Senator Ted Cruz has floated the idea of ending that practice and claims it could save $1.1 trillion over a decade.

So far this year, the Federal Reserve has kept interest rates steady. But when will that change, and how could it impact what you earn on your savings?

Fed funds futures continue to price in a high probability that the central bank will again leave its target unchanged at next week’s policy meeting.

President Donald Trump said that the softer-than-expected inflation result for May looked great, again calling for the Federal Reserve to cut interest rates by a full percentage point. “CPI JUST OUT.

Treasury Secretary Scott Bessent told lawmakers he would like to remain in his seat until 2029, but he also did not dismiss the possibility of becoming the next chair of the Federal Reserve.

The Fed's two-day monetary policy meeting could present the next major obstacle for markets. While the U.S. central bank is widely expected to hold interest rates steady when it announces its decision on Wednesday, investors are eager for any hints about whether the Fed might be poised to lower rates in the coming months.