President Biden says he has "never once spoken to the chairman of the fed since I became president," despite a May 2022 meeting with Jerome Powell.

For many Americans, elevated home prices have put homeownership out of reach.They received some relief on Wednesday when the Federal Reserve cut interest rates by 50 basis points, which will lower mortgage costs.

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses.

Copper surged to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.

Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent oversized interest rate reduction and on signs that further cuts were on the horizon.