The Federal Reserve's decisions occupy an important place in people's lives, even though most do not spend their mornings discussing benchmark rates or know much about the announcements. Yet decisions made during meetings in Washington can shape mortgage payments,

WASHINGTON — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.

WASHINGTON — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.

WASHINGTON — Federal Reserve policymakers were in near-unanimous agreement to keep interest rates on hold at their meeting last month, but they remained split over the next steps, with "several" of them open to rate hikes if inflation remains elevated ...

Financial markets were hit this week with negative news on both consumer and producer price inflation. Tuesday’s CPI report showed inflation running at 3.8% on a 12-month basis, well above the Federal Reserve’s 2% inflation target.

WASHINGTON — Federal Reserve Vice Chair for Supervision Michelle Bowman said Wednesday that the central bank's ongoing efforts to modernize liquidity rules and facilities will be considered with an eye toward drawing down the Fed's balance sheet.