US Federal Reserve

The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year.

Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. “We want to remind ourselves,” Powell said, “that prosperity isn’t experienced in all communities. Low- and moderate-income communities in many cases are just starting to feel...

Since it opened in March, one Brookline business has been wildly popular, but neighbors aren’t happy.

College can be hard. College can also be expensive. Imagine doing all of that on an empty stomach. That is the case for thousands of college students in Massachusetts, including 52% of students at MassBay, according to President David Podell.

For some college students, regular access to sufficient and nutritious meals can be a challenge due to a lack of finances. Colleges and universities across Massachusetts are now trying to address the problem known as “food insecurity.”

Monroe County jail inmate Jason Aaron Gibson was charged Monday with animal cruelty after he was already being held on a vehicle theft charge.

Your home could be the key to putting more cash in your pocket.

Actor Kevin Spacey read a poem about a worn-out and dejected boxer during an unexpected performance at a Rome museum Friday night, weeks after a criminal sexual misconduct case against him collapsed in Massachusetts. Spacey’s appearance at the National Roman Museum was not publicly announced in advance.

The distinctive clang of metal hitting pavement echoed across Hong Kong. Over several hours, in successive waves on Sunday, different districts filled with the sound of protesters erecting and just as hastily taking down their improvised barricades. While past nights of protest have ended in protracted standoffs between demonstrators and riot police, rally participants this time took a different tack....

Democratic U.S. Rep. Joe Kennedy III of Massachusetts is facing a primary challenger. Ihssane Leckey says she was motivated to leave her job at the federal reserve and run against Kennedy following the hearings for Supreme Court Justice Brett Kavanaugh. She said in Congress, she would lead in the manner of the new crop of progressive freshman lawmakers.

Rep. Joe Kennedy III will face a primary challenge against Ihssane Leckey, a former Wall Street regulator from Brookline.

If you fall for this phone scam, you could lose a lot of money.

For most Americans, having a million dollars isn’t enough to be considered “wealthy.” It would take a net worth of more than double that amount: $2.27 million. That’s according to Charles Schwab’s 2019 Modern Wealth Survey, which asked 1,000 adults between age 21 and 75 what personal net worth they would need in order to be wealthy. The responses varied...

U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work. Average hourly...

A college degree has long been a ticket to the U.S. middle class. It typically confers higher pay, stronger job security, greater home ownership and comparatively stable households. Those benefits have long been seen as worth the sacrifices often required, from deferred income to student debt. Yet college graduates aren’t as likely as they once were to feel they belong...

President Donald Trump’s pick for the Federal Reserve Board said he regrets past controversial articles he wrote about women and urged critics to focus on his economic record. Stephen Moore said the articles were meant as humor columns, but “some weren’t funny, so I am apologetic.” He called the criticism a “smear campaign” and told ABC: “Let’s make this about...

The S&P 500 hit an all-time high Tuesday, marking the stock market’s complete recovery from a nosedive at the end of last year. The benchmark index’s previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war between the U.S. and China, and concern the Federal Reserve...

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday. That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end....

It’s financial literacy month, do you know where your retirement is? CNBC Chairman Mark Hoffman rings the NASDAQ opening bell today to kick off the special month, created in 2003 to teach Americans how to establish and maintain healthy financial habits. Americans can sure use help with retirement. Baby boomers, in particular, have not saved nearly enough for retirement. They’re...

U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new car market, according to a new industry forecast. First-quarter auto sales are expected to drop by nearly 2.5 percent from a year earlier, to 4 million units, according to J.D. Power and LMC Automotive. Retail sales, which...