The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and rate cuts. Economists expect that the average prediction will be three rate cuts in 2025, fewer than were expected when they last published their expectations in September.

Federal Reserve Chair Jerome Powell discussed the central bank’s decision Wednesday to cut the benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low, after the Fed cut rates at its two previous meetings.

Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.

As many economists know, Federal Reserve Chairman Jerome Powell and the US President-elect Donald J. Trump do not see eye to eye on practically everything. The political “indifference” is nothing short of pronounced;

Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges.

Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.

Then here comes Bitcoin, the decentralized, no-rules wild card of global finance. It’s absolutely no surprise that Powell is skeptical. But the reasons for

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

The Federal Reserve has dismissed the possibility of holding a Bitcoin reserve, citing legal and institutional limitations. Fed Chair Jerome Powell reiterated this stance during a routine press conference following the year’s final Federal Open Market Committee (FOMC) meeting,

Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.

The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.

The Federal Reserve is poised to make several key decisions during the year ahead that will impact monetary policy both in the near term and for years to come.