interest rates

Investors had been hoping for a signal from Powell that the Fed might soon moderate its rate increases later this year.

It did not specify any amounts or timing for its bond purchases.

The Senators and others say students and parents deserve to know the true cost of federal loans.

The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed's benchmark rate to its highest point since 2008.

The Fed chairman said the central bank is monitoring potential vulnerabilities in the banking system to ensure its continued stability.

The Federal Reserve is raising interest rates after seven years of record lows.