A slew of Federal Reserve officials spoke to the importance of central bank independence on Wednesday in response to questions about the news that the US Department of Justice issued subpoenas to the Fed focused on a costly building renovation and Fed Chair Jerome Powell’s congressional testimony last year about the project.

Federal Reserve Bank of Philadelphia President Anna Paulson repeated she sees room for further interest-rate cuts later this year after the latest inflation data confirmed her cautious optimism.

Federal Reserve Bank of Philadelphia President Anna Paulson repeated she sees room for further interest-rate cuts later this year after the latest inflation data confirmed her cautious optimism.

A slew of Federal Reserve officials spoke to the importance of central bank independence on Wednesday in response to questions about the news that the US Department of Justice issued subpoenas to the Fed focused on a costly building renovation and Fed Chair Jerome Powell’s congressional testimony last year about the project.

Federal Reserve Bank of Philadelphia President Anna Paulson repeated she sees room for further interest-rate cuts later this year after the latest inflation data confirmed her cautious optimism.

Federal Reserve Bank of New York President John Williams said interest rates are “well positioned” to stabilize the labor market and bring inflation back to the central bank’s 2% goal.

A panel of economic luminaries said the long-run risk posed by mounting federal debt represented a paramount problem facing the US economy.

Federal Reserve Bank of Philadelphia President Anna Paulson said modest additional interest-rate cuts could be appropriate later in 2026, but conditioned that outcome on a benign outlook for the economy.

Federal Reserve Bank of Philadelphia President Anna Paulson said modest additional interest-rate cuts could be appropriate later in 2026, but conditioned that outcome on a benign outlook for the economy.

Federal Reserve Governor Stephen Miran said the US central bank risks sparking a recession unless it continues lowering interest rates next year.

Federal Reserve officials are primed to deliver a third consecutive interest-rate cut on Wednesday, but the streak may end there.

Federal Reserve officials are primed to deliver a third consecutive interest-rate cut on Wednesday, but the streak may end there.

US consumer inflation expectations were stable in November while perceptions about job prospects improved, according to a survey from the Federal Reserve Bank of New York.

Federal Reserve officials will vote to cut interest rates again next week to safeguard against rising risks of a sharp deterioration in the labor market, according to economists surveyed by Bloomberg.

After cutting interest rates by more than a percentage point, Federal Reserve officials are now wondering where to stop – and finding there’s more disagreement than ever.

Federal Reserve Governor Christopher Waller said he’s advocating an interest-rate cut in December, though the US central bank can probably take more of a meeting-by-meeting approach starting in January once it receives a flood of economic data.

A day after signaling she may favor keeping rates on hold, Federal Reserve Bank of Boston President Susan Collins said she hadn’t made up her mind over how to vote at the Fed’s next policy meeting.

Federal Reserve Bank of Boston President Susan Collins signaled that holding interest-rates steady would be “appropriate for now” as inflation is likely to stay elevated for some time.

Federal Reserve Bank of Philadelphia President Anna Paulson said she’s approaching next month’s rate-setting meeting with caution, though she remains more concerned about weaknesses in the job market.