The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.

Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central bank should have cut interest rates when it met this week, as it offered some support to those who’d favored an easing in borrowing costs.

If you look at the labor market, what you see is, by many, many statistics, the labor market is kind of still in balance,” Powell said. While demand for workers is slowing, t

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

Americans shopping for a mortgage may want to hold tight for now. At its July 30 meeting, the Federal Reserve did not deliver a rate cut. The majority of members voted to leave the federal funds rate unchanged at 4.

Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.

Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy at a time when President Donald Trump is pushing for lower interest rates.

Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday, handing President Donald Trump a sooner-than-anticipated opportunity to install a new policymaker who aligns with his vision for interest rates.

Kugler’s departure creates an opportunity for President Trump to nominate a potential successor to Fed Chair Jerome Powell.