The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.

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Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.

The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates Right now,

U.S. stocks are ticking higher ahead of a highly anticipated speech about where interest rates may be heading.

Lower rates help many businesses, including car makers. Rate cuts make financing vehicle purchases more affordable. As for the truck, Tesla raised the price of the high-end versio

Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.