Jerome Powell, chairman of the Federal Reserve, testifying before the  house financial services committee   in Washington on Tuesday. Photograph: Getty Images

Jay Powell gave a markedly bullish assessment of the US economic outlook in his first congressional testimony as Federal Reserve chairman, triggering (...)

Federal Reserve Board chairwoman Janet Yellen is handing over to her successor Jay Powell after a single four-year term in which she began gradually withdrawing the crisis-era monetary stimulus the Fed injected into the economy. Photograph:  Brendan Smialowski/AFP/Getty Images

Janet Yellen kept the Federal Reserve on course for a further interest rate rise in March in her final meeting as chairwoman of the central bank, with(...)

Janet Yellen is likely to field questions about how the Fed feels about tax cuts.  Photograph: Bloomberg

With traders fully primed for an interest-rate increase at the Federal Reserve’s final meeting of the year, investors’ focus on Wednesday will be on F(...)

Federal Reserve chairwoman Janet Yellen speaks during a news conference after a two-day Federal Open Markets Committee policy meeting in Washington. Photograph: Joshua Roberts/Reuters

US Federal Reserve officials voted unanimously to leave interest rates unchanged while signalling they remain on track to hike once more this year, a (...)

Emails released by Donald Trump jnr on Tuesday show he agreed last year to meet a woman he was told was a Russian government lawyer who might have damaging information about Democratic White House rival Hillary Clinton. Photograph: Reuters

The dollar edged down to 14-month lows against the euro in Asian trading on Wednesday as investors, already wary ahead of Federal Reserve chair Janet (...)

Fed chairwoman Janet Yellen and her colleagues on the Federal Open Market Committee are widely expected to pull the trigger on a second rate increase this year

The Federal Reserve is likely to forge ahead with plans to tighten monetary policy later on Wednesday despite a succession of poor inflation readings (...)

Federal Reserve chair Janet Yellen: the Fed is due to release its latest policy statement and updated economic forecasts on Wednesday.  Photograph: Yuri Gripas/Reuters

The US central bank has raised short-term interest rates for the third time since the financial crisis, stepping up the pace of tightening as policyma(...)

Federal Reserve Chair Janet Yellen told US Congress  last week that “a further adjustment of the federal funds rate would likely be appropriate” if the economy continues to evolve in line with their expectations. Photograph: Joshua Roberts/Reuters

Federal Reserve officials expressed confidence they can raise interest rates gradually, while a hike “fairly soon” might be appropriate to avoid the r(...)

The Fed said it still expects it will need only gradual rate increases. Photograph: AFP

Federal Reserve officials left interest rates unchanged while acknowledging rising confidence among consumers and businesses following Donald Trump’s (...)

  US Federal Reserve in Washington: chairwoman Janet Yellen has stressed to Congress that she does not want to jump the gun and make premature assumptions about the post-election shape of economic policy

The Federal Reserve on Wednesday will hold its final rate-setting meeting before US presidential-elect Donald Trump takes office. A quarter-point incr(...)

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