American attorney and regulator Sarah Bloom Raskins withdraws nomination from Federal board due to row over her climate change stance. The ...

Federal Reserve chair Jerome Powell must strike a delicate balance before Congress in the coming week as he aims to reassure Americans the ...

Eight times a year, the Fed's governors and the presidents of the 12 regional Fed banks hold a two-day policy meeting, usually in the two-s...

"Our most important task is tackling inflation," Michigan State University economics professor Lisa Cook, one of three Fed nominees up for ...

Fed policymakers have signaled they will raise interest rates several times this year, likely starting in March, to try to rein in inflatio...

The new appointees also reflect Biden's promise to build an administration that reflects the nation's diversity.

Biden, working in his home state of Delaware, has announced a series of selections for White House posts. Klain said that "you're going to ...

"You're going to see the first Cabinet picks this Tuesday. But if you want to know what Cabinet agencies they are, who's going to be in tho...

"We made that decision and you'll hear that just before or just after Thanksgiving," Biden told reporters, referring to the November 26 hol...

US will put picture of a 'notable' woman on an USD 10 note, breaking the norm that male political heroes are only portrayed on the greenbac...

The number of US banks that have failed so far this year topped 100 on Friday, hitting 106 by the end of the day, the most in two decades. ...

The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from ...