The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.
The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, was upbeat about the state of the economy but warned about some concerning aspects of the financial system.
"The U.S. is a really big source of chaos right now for our partners in the world,” Berkeley professor Susan Hyde said in ...
(Reuters) - The Federal Reserve's latest Monetary Policy Report describes the U.S. economy as being in a solid position amid a monetary policy stance that will be driven by incoming economic data.
The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.