11 (UPI) --Federal Reserve Chairman Jerome Powell testified on Capitol Hill Tuesday ... rate that the federal government pays to borrow money on a loan that matures in two or 10 years.

Federal Reserve Chair Jerome Powell sat before the Senate Banking Committee on Tuesday morning to testify on the agency’s monetary policy. The hearing came as interest rates were held steady ...

America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the ...

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday the argument for free trade still makes sense but added that it was not the role of the central bank to comment on tariff or trade ...

Federal Reserve Chair Jerome Powell said the central bank will not launch its own digital currency while he is in charge of the central bank.

Jerome Powell said he did not believe that Elon Musk or members of his DOGE team have tried to access the Fed's secure payment systems. Federal Reserve Chair Jerome Powell on Tuesday said he did ...

Jerome Powell said the Federal Reserve is prepared ... a longer period of elevated mortgage rates and high costs to borrow money for everything from autos to credit cards. Still, mortgage rates ...

Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.

US Federal Reserve Chair Jerome Powell reaffirmed the central bank’s cautious stance on interest rates during his testimony before Congress on Tuesday, stating that inflation remains elevated ...