New orders for durable goods rise in May

Federal Reserve Chairman Jerome Powell said he will remain on the Fed board following the end of his term as chairman on May 15, pointing to remarks by Trump administration officials that a criminal investigation of the central...

Oregon has adopted a new tax incentive in an effort to end a nearly two-decade drought in de novo bank formation in the state, according to the Oregon Bankers Association. It is the second state to adopt such...

The FOMC voted to maintain the target range of the federal funds rate at 3.5%-3.75%. Fed Governor Stephen Miran voted against the action, preferring a cut of 25 basis points, while three governors supported holding the target range...

New orders for manufactured durable goods increased $2.6 billion, or 0.8%, from the previous month to $318.9 billion in March, the U.S. Census Bureau said in its most recent advance report.

Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1.502 million, according to the U.S. Department of Commerce.

The Senate Banking Committee voted 13-11 along party lines to advance the nomination of Kevin Warsh to be chairman of the Federal Reserve.