Federal Reserve System

Trump administration must fund U.S. consumer finance watchdog, judge says

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Trump administration must fund U.S. consumer finance watchdog, judge says

A view of the Consumer Financial Protection Bureau (CFPB) headquarters building in Washington, DC, on Feb. 10, 2025. Saul Loeb | AFP | Getty Images A federal judge on Tuesday rejected a claim by President Donald Trump’s administration that it is legally barred from securing funding for the U.S. Consumer Financial Protection Bureau, noting that … Read more

Here’s how AI could influence the Fed’s economic outlook

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Here’s how AI could influence the Fed’s economic outlook

Members of the Federal Reserve rate-setting committee say they are factoring increased labor productivity into their economic forecasts as artificial intelligence technology becomes more widely adopted. Fed Chair Jerome Powell addressed this topic in his December news conference, saying that in past technology waves “there’s always been more work and higher productivity and incomes have … Read more