The Latest Breaking News from the Federal Reserve

Credit card interest rates have a way of grabbing your attention, especially when they’re hovering near historic highs and showing no signs of returning to the gentler levels of years past. Even with the Federal Reserve signaling a shift toward lower rates, the relief many consumers are hoping for simply…

The Federal Reserve made headlines with its long‑awaited rate cut, and for a brief, shining moment, millions of credit card holders dared to hope. Maybe—just maybe—their sky‑high APRs would finally ease up. Perhaps carrying a balance wouldn’t feel like dragging a boulder uphill. And maybe this was the break everyone…

He wants it "fully and finally resolved."

After months of speculation, President Donald Trump nominated Kevin Warsh on Jan. 30, 2026, to be the next chair of the Federal Reserve.

The new producer price index report complicates the administration's push for lower interest rates.

Here's a look at how Warsh could influence future Fed policy if he's confirmed.

Before Wall Street and Washington, Kevin Warsh sold pencils at a horse track. His secret for success is simple: work harder than everyone else—and learn from the best.

Plus: Shutdown averted? Pixar's NIMBY robot beavers, Amazon goes big on AI, and Trump wants to prop up home prices.

President Donald Trump announced Kevin Warsh as his selection for the next chair of the Federal Reserve, who will replace Jerome Powell.