Consumers and traders are waiting to learn if the Fed’s expected pause today is a one-meeting hold or the start of a longer stretch.

"It’s exciting to have a CEO from Hawaii on this advisory board, and I look forward to contributing," said Ed Schultz.

President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends.

What comes after troubled loans reach their new maturity dates could provide a telling look at how the U.S. office market is faring.

Until then, Trump's comments Thursday suggest he expects to regularly second-guess the Fed in public, despite a decades-long tradition among previous presidents of taking a hands-off approach to the central bank. Former president Joe Biden reappointed Powell, rather than replacing him, in a nod to central bank independence from politics.

DAVOS, SWITZERLAND — The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.

Annual inflation has risen again for the third straight month, in a troubling sign for mortgage rates that are already creeping close to 7%. Overall prices rose 2.9% in December 2024 from a year earlier, higher than the 2.7% pace recorded in November, according to the Labor Department's consumer price index (CPI) data released Wednesday.

San Francisco leaders reaffirmed its status as a sanctuary city on Tuesday as the Trump administration vows to make good on campaign promises for increased immigration enforcement.

SEIU Local 87 said people who identified themselves as federal immigration authorities attempted to access five downtown San Francisco office buildings Friday.

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The asset cap’s removal will be a pivotal moment for Wells Fargo, and could be timed with the bank announcing a headquarters move to Texas, where Wells is moving a new office campus.

Local 87, the union representing 6,000 janitors in the private sector, said federal agents went to multiple downtown office buildings late Friday afternoon, but that building security kept them from entering.