The Federal Reserve last cut its key benchmark interest rate in December, reducing it by 0.25 percentage points to a target ...

US Treasury Secretary Scott Bessent has expressed a need to examine the performance of the Federal Reserve, which has maintained a cautious stance on lowering interest rates.

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been h ...