Hedge fund veteran Scott Bessent is urging the Federal Reserve to move faster on rate cuts, arguing that lower borrowing costs would speed up growth across the economy. His push comes as policymakers ...

A top Fed official favors a patient approach, watching data amid uncertain inflation and economic shocks. Interest rates are expected to remain steady, with possible cuts delayed due to global risks.

President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office.