Speculation arises over Trump's ability to fire Fed chief Powell, highlighting the Fed's independence from presidential ...

Dana Peterson, Chief Economist at The Conference Board, discusses the potential impact of the tension between President-Elect ...

The central bank’s governors vow to re-elect Jerome Powell chairman even if the president fires him.

Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a ...

Musk – the richest person in the world with a net worth of $304 billion, according to Forbes – played a central role in ...

The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according ...

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a ...

The Dow Jones gained more than 1500 points on Wednesday after Trump won the 270 electoral votes needed to become the 47th President of the United States.

What’s clear is that Harris ran a very expensive campaign, one that dwarfed Donald Trump’s efforts. The campaign spent an ...

WASHINGTON — Federal Reserve Chairman Jerome Powell said Thursday he would not resign if requested by President-elect Donald Trump in a potential dispute over constitutional authority. The Federal ...

Falling interest rates are good news for car buyers and people with credit card debt, but after the presidential election, mortgage rates are on the rise. CBS News business analyst Jill Schlesinger ...