The Fed held rates steady and Jerome Powell confirmed he plans to step aside as chair May 15, but said he'll remain on the Fed's Board of Governors.

The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.

The Federal Reserve held interest rates steady on Wednesday, which was expected to be Fed Chair Jerome Powell's last FOMC meeting.

It's Fed decision day. It's also likely to be the last time that Jerome Powell presides over the Federal Reserve's policy committee. Follow our live coverage.

Federal Reserve officials disagreed over rate policy in the most divisive meeting in decades. Jerome Powell, whose term as chair expires in May, said he would stay on as a governor.

Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is now firmly on track to assume one of the most powerful positions in the global economy — and could advance an agenda that aligns with Trump’s desire for lower rates.

Fed officials are expected to keep the central bank's key interest rate steady as they wait and see how the Iran war affects inflation and the job market.

The Federal Reserve announced at its April 28-29 meeting that is keeping the federal funds rate unchanged. This decision was widely expected among economists and investors. In my decade of reporting on mortgages,

Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.

President Trump’s pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change” to the central bank, but if confirmed by the Senate he will find a Fed