The only reason for the Federal Reserve to hike rates would be if the economy was overheating and there are no signs of that in the data, Richmond Fed President Tom Barkin said Wednesday. “I see ...

The U.S. Federal Reserve is still leaning toward further rate cuts this year, although uncertainty about the impact of new Trump administration initiatives on things like tariffs, immigration and ...

In an interview with Bloomberg on Wednesday, Richmond Federal Reserve President Thomas Barkin said that he still thinks the policy rate is modestly restrictive, per Reuters. "Looking forward, it is ...

Following a widely-held hold prediction, the FOMC dropped more hints on its inflation concerns while apparently maintaining ...

The economic forecast for 2025 is sunny, with a high chance of business optimism, according to Federal Reserve Bank of Richmond President and CEO Tom Barkin, who spoke Thursday during the virtual 2025 ...

The US central bank’s benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve President Thomas Barkin says ...

"The process of disinflation remains in train," said Richmond Federal Reserve Bank President Thomas Barkin earlier this month. As for the labor market, employers surprisingly added 256,000 jobs in ...

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...

Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a ...

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.