The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.

President Donald Trump urged the central bank to cut rates. Fed Chair Jerome Powell is holding firm — but more and more colleagues don’t agree.

The average rate on 30-year fixed home loans registered at 6.58% for the week ending Aug. 21, same as last week.

The Fed made a "huge mistake" not raising rates during the pandemic. Now it risks another blunder, top economist Mohamed El-Erian says.

Minutes from the Fed's July policy meeting revealed policymakers prioritized tariff-driven inflation risks over labor market concerns when keeping interest rates unchanged.

"HELOC interest rates are generally structured as prime plus a margin," Debbie Calixto, sales manager at mortgage lender loanDepot, says. The federal funds rate influences the prime rate, while the margin reflects an additional percentage based on your credit score and loan details.

Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.

Not even 48 hours after the conclusion of last month's meeting, data from the Labor Department appeared to validate the concerns of Bowman and Waller when it showed fewer jobs than expected were created in July.