WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome.

Will the Federal Reserve actively cut interest rates during the year? Maybe not as much as many on Wall Street think. If you believe the CME Group's FedWatch tool, there may be at least three rate cuts in 2025 along with a cut at the Fed's meeting on Dec.

Federal Reserve Chair Jerome Powell said Wednesday he is 'not concerned' that the central bank could lose its independence during a new Trump administration and is 'confident' he will have a good relationship with the new Treasury secretary.

As federal agencies prepare to hand the keys over to President Donald Trump's second administration, one top official isn't worried about losing his job despite Trump's threats to fire him: Federal Reserve Chair Jerome Powell.

U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates, and appeared to signal his support for a slower pace of interest-rate cuts ahead.

Fed Chair Jerome Powell said Wednesday he isn't worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences,