MoneyTips

Current Federal Reserve Chairperson Jerome Powell recently indicated that the Fed may soon cut interest rates for the first time since the start of the financial crisis in 2009. What would such a change in the federal funds rate mean for you?

In today’s world of 24/7 cable TV and Internet news, people are more likely to be knowledgeable about financial and economic matters than in past generations. For example, we would venture to guess that most people have at least heard of the Federal Reserve, or, as it is usually referred to, the Fed.

However, having heard of the Fed is quite different from understanding what the Fed actually does and how its actions influence our financial lives. Let’s explore the Fed’s role in the U.S. economy and how its actions affect the broad economy and interest rates in particular.

What is the Federal Reserve and what are its Main Tools?

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Federal Reserve 101

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A health-care startup called Partner Therapeutics began last year with a single product: a leukemia medicine approved in 1991 that doctors rarely prescribe anymore. The drug, Leukine, made so little money that its previous owner did not even bother to disclose sales. It just dumped them on r…

WEST PALM BEACH, Fla. (AP) — Breaking his silence on the special counsel investigation, President Donald Trump celebrated a summary of the findings Sunday, claiming it "was a complete and total exoneration," even though the report did not reach a definitive answer on whether he obstructed justice.

WASHINGTON  — The Justice Department said Sunday that special counsel Robert Mueller's investigation did not find evidence that President Donald Trump's campaign "conspired or coordinated" with Russia to influence the 2016 presidential election. Mueller also investigated whether Trump obstru…

WASHINGTON (AP) — The House Judiciary Committee is launching a sweeping new probe of President Donald Trump, his White House, his campaign and his businesses, sending document requests to 81 people linked to the president and his associates.

BEAUREGARD, Ala. (AP) — Rescuers began tearing through the rubble of mobile homes and houses Monday in search of survivors of a powerful tornado that rampaged through southeast Alabama and killed at least 23 people, including children.

WASHINGTON (AP) — The Trump administration imposed sanctions Friday on six high-ranking members of the Venezuelan security forces and revoked the visas of other officials and their relatives in the latest effort to pressure President Nicolas Maduro into leaving office.

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