The odds the Fed could hike rates in this year have jumped, while odds of a cut have dwindled as markets eye a bout of sticky inflation.

The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's

Federal Reserve Chair Jerome Powell is set to deliver his final press conference before he is due to step down on May 15.

Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.

Federal Reserve officials disagreed over rate policy in the most divisive meeting in decades. Jerome Powell, whose term as chair expires in May, said he would stay on as a governor.

Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is now firmly on track to assume one of the most powerful positions in the global economy — and could advance an agenda that aligns with Trump’s desire for lower rates.

The Federal Reserve is expected to keep interest rates steady at what is likely to be Jerome Powell’s last policy meeting as chair.

Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.

U.S. Attorney Jeanine Pirro had subpoenaed Powell but a court threw out the effort, which Pirro has vowed to appeal. Pirro in recent days referred the investigation to the Fed's inspector general, removing the criminal element and helping clear a political roadblock that had threatened to stall Warsh's confirmation.