Kevin Hassett says Powell should 'move on' to preserve Fed independenceKevin Hassett says Jerome Powell should leave the Federal Reserve Board, arguing his continued presence as former Fed chair is "unprecedented" and undermines central bank independence.Fox Business3d agoWhole story →Economyfed leadership debate
10-year Treasury yield hits 2002 high, raising mortgage and loan costsThe 10-year bond yield hit its highest level since 2002, impacting mortgage rates, credit cards, auto loans and housing as the market faces pressure from federal budget deficits.Fox Business5d agoWhole story →BuildEconomytreasury yield surge
Inspector general finds no misconduct in Federal Reserve renovationsAn inspector general report into the management of the Federal Reserve's renovation project found no administrative misconduct after former Fed Chair Jerome Powell faced scrutiny.Fox Business7d agoWhole story →GovernmentEconomyfed hq renovation overhaul
Why the Fed isn't ready to declare victory on inflationFederal Reserve Bank of Richmond President Tom Barkin says inflation risks outweigh employment risks, warning that shocks from the Iran war and AI buildout aren't short-lived.Fox Business15d agoWhole story →SecurityTechnologyfederal reserve rate hike
Federal Reserve rate hike sparks home price reductions, experts sayThe real estate market is shifting after the Fed's rate hike pushed 30-year mortgage rates to 7.14%. Experts say sellers may need to cut home prices to close deals.Fox Business20d agoWhole story →BuildEconomyfederal reserve rate hike
Stubborn inflation sets stage for Federal Reserve to hike interest ratesFederal Reserve policymakers are expected to hike interest rates at this week's FOMC meeting, with a 92.5% chance of a 25 basis point increase amid stubborn inflation.Fox Business22d agoWhole story →Economyfederal reserve meeting
Sen. Tim Scott says Clarity Act vote will define US crypto futureSen. Tim Scott warns that Senate Democrats opposing the Clarity Act crypto legislation risk America's ability to lead the next evolution of financial markets.Fox Business22d agoWhole story →TechnologyEconomyTim Scottclarity act vote
Federal budget deficit hits $2 trillion in first 11 months of FY2026Federal budget deficit hit $2 trillion after 11 months of fiscal year 2026, the CBO reported. Social Security, Medicare, Medicaid and national debt interest drove spending higher.Fox Business27d agoWhole story →HealthEconomyfederal budget deficit report
