24/7 LiveNew York CityNew JerseyLong IslandNorthern SuburbsConnecticut

Weather Alert

Extreme Heat Warning

Heat Advisory

7-Day Forecast

Live

The Loop

Keep WABC on the Air 

Celebrate America

Fireworks Near You

2026 World Cup

Living with Alzheimer's

More News

Famous Deaths

Submit News Tips

TV Listings

Federal Reserve

AP Photo/Alex Brandon

Fed maintains interest rates as inflation surges

  • Jun 17
AP Photo/Jose Luis Magana

Fed set to make interest rate decision as inflation hits 3-year high

  • Jun 16
AP Photo/Jose Luis Magana

Senate confirms Trump pick Warsh as chairman of the Fed

  • May 13
AP Photo/Andrew Harnik, File

Fed chair Powell says he will stay on central bank's board

  • Apr 29

DOJ dropping criminal probe of Fed Chair Powell

  • Apr 24

Fed holds rates steady in 1st move since war

  • Mar 18

Judge blocks DOJ subpoenas involving fed chair

  • Mar 13

Trump nominates Kevin Warsh for Fed chair

  • Jan 30

Latest Videos

2:10

Fed holds interest rates steady as inflation hits 3-year high

  • Jun 17
1:51

DOJ dropping criminal probe of Fed Chair Jerome Powell amid pressure from senators

  • Apr 24
3:27

Fed holds interest rates steady in 1st move since war with Iran spiked oil prices

  • Mar 18
2:28

Judge blocks DOJ subpoenas involving Fed Chair Jerome Powell

  • Mar 13
1:49

Federal Reserve slashes interest rates by half a percentage point in bid to curb inflation

  • Sep 18, 2024
2:18

Federal Reserve pauses string of interest rate hikes

  • Jun 14, 2023
0:30

Fed raises key rate but hints it may pause amid bank turmoil

  • May 3, 2023
1:21

Federal Reserve, FDIC to release reports on bank failures

  • Apr 28, 2023

Latest Stories

AP Photo/Jacquelyn Martin, file

Federal Reserve holds interest rates steady

The Federal Reserve held interest rates steady on Wednesday, as the central bank grapples with a combination of elevated inflation and sluggish hiring.

  • Jan 28
AP Photo/Mark Schiefelbein

Supreme Court seems inclined to keep Lisa Cook on Fed board despite Trump attempt to fire her

The Supreme Court seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Trump's bid to wrest control of the nation's central bank.

  • Jan 21

Stocks close higher despite DOJ probe into Fed Chair Powell

Stocks closed higher on Monday, shrugging off a dip earlier in the day after reports that the Department of Justice had opened a criminal investigation into Federal Reserve Chair Jerome Powell.

  • Jan 12
AP Photo/Julia Demaree Nikhinson, File

Trump's legal attack on Powell underscores his aim for full control over Fed

The Department of Justice's threat to criminally indict Federal Reserve Chair Jerome Powell has set up a tense showdown between the White House and the U.S. central bank.

  • Jan 12
AP Photo/Jose Luis Magana

Fed cuts interest rates for 3rd time this year

The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday,

  • Dec 10, 2025