The coronavirus has wreaked havoc on the economy, and in an emergency response, the Federal Reserve slashed interest rates by a full percentage point—the second rate cut in two weeks and the largest in Fed history.

In September 2024, Jerome Powell announced the first Federal Funds Rate cut in over four years. The Federal Funds Rate is a short-term rate related to the cost of debt in the American economy. Some expected the Federal Reserve to cut only 25 basis points,

Federal Reserve Bank of San Francisco President Mary Daly said on Tuesday the central bank remains on track for more rate cuts this year as long as data meets expectations, while noting that even with last month’s rate cut,

The Fed cut interest rates again Sunday in an attempt to reduce “evolving risks to economic activity” caused by the coronavirus outbreak.

Federal Reserve Governor Christopher Waller said recent economic data shows the Fed should ease more cautiously after last month's jumbo rate cut.

That is where economists see short-term interest rates by the end of this year, implying two further, quarter-point cuts by the Federal Reserve. Find out more from the WSJ's quarterly survey of econom

Wall Street wants the Fed to keep cutting to a normalized rate level. It might not happen as quickly as they’d like.

Federal Reserve Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September as he expressed concern that the economy could still be running at a hotter-than-desired pace.

Citing recent data showing an uptick in inflation and a U.S. economy and labor market that are stronger than previously thought, Federal Reserve Governor Christopher Waller on Monday called for "more caution" on interest-rate cuts ahead.

Recent data suggest that the Federal Reserve should proceed at a more cautious pace after the central bank's half-point cut in September, Fed Governor Christopher Waller said Monday. But two alternate scenarios could change that logic,