The Federal Reserve's Main Street Lending facility may lend as much as $30 billion by the end of the year, Fed Chair Jerome Powell said in testimony before the Senate Banking Committee.

Companies have made only "modest" use of the Federal Reserve's Main Street Lending Program, but credit is pretty broadly available to them already, and the U.S. central bank isn't planning any "major" ...

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials this week who have called for a ...

While some may argue that the president cannot remove the Federal Reserve chairman, doing so would not run afoul of the law.

The Fed chair also said that job creation in general has slowed ... have said AI is already leading them to reduce their headcount. In previous testimony before Congress, Powell said that AI had the ...

Treasury Secretary Steven Mnuchin and Jerome Powell, chair of the Federal Reserve Board of Governors, will remotely address the Senate Banking Committee on Tuesday regarding the disbursement of ...

The long-held dual mandate of the Federal Reserve to maintain stable prices and maximize employment is under increasing scrutiny in the nation’s capital as GOP pressure on the central bank intensifies ...

Federal Reserve Chairman Jerome Powell responded to OMB Director Russ Vought's stern letter by pointing him to a public website and previous statements.