Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said the case for a rate cut at central bank's Wednesday meeting is not strong enough.The Fedread more
If you're concerned about what Wednesday's Fed decision means for your bank account, mortgage loan or credit card — as well as student debt, home equity loan and car payment —...Personal Financeread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Four migrant children so far have been reunited with their parents after being separated from their families, and another 34 are expected to be reunited with a parent currently in an immigration detention facility Tuesday, according to the Trump administration.
The numbers were revealed in a court filing by the Justice Department on Tuesday, which was the original deadline a judge set for 102 migrant children under the age of 5 to be reunited with their parents in custody after the families were detained when trying to cross into the United States illegally from Mexico.
That youngest group of kids is just a small fraction of the nearly 3,000 migrant children ordered to be reunified with their parents in custody under a judicial order, after being separated as the result of a new Trump administration policy implemented in May. A judge has said that all of those children must be reunified with their families by July 26, but administration officials during a conference call with reporters Tuesday refused to say if they expected to be able to meet that deadline.
The administration told the federal judge in San Diego on Monday that it would not meet Tuesday's cutoff date for the younger cohort. Instead, a Justice Department attorney told the judge that 54 of those children would be reunited with their parents on Tuesday.
Federal officials on Tuesday said they are continuing to do DNA tests on children and their purported parents, as well as conducting background checks to ensure that the actual parents are getting the kids, and that the parents who want the children are safe to do so.
Fourteen children have been determined ineligible for reunification because either the people who claimed to be their parents are not actually their parents, or have a serious criminal history, according to the court filing.
A senior Health and Human Services Department official on Tuesday said a rapist, a kidnapper and an accused murderer are among the parents who have been denied reunification with their separated kids after their backgrounds were checked.
"Our priority is the safety of these kids," said that official, Chris Meekins, chief of staff of the HHS' Office of the Assistant Secretary for Preparedness and Response.
Ten other children are not eligible for reunification because their parents are in the custody of the U.S. Marshals Service or are in state or county custody, the filing said.
Two children cannot be reunified with their parents because one of those kids' parents has a communicable disease, and the other does not have a suitable living condition.
The judge, Dana Sabraw, agreed to extend the deadline, but asked government lawyers to give an update on the reunification effort on Tuesday.
On Monday, another federal judge, in Los Angeles rejected a request by the Trump administration to alter a 21-year-old legal settlement in order to keep migrant children whose families are seeking asylum locked up with their parents pending the outcome of immigration proceedings longer than the 20-day cap set by that settlement.