Ryan Yamamoto reports on the push by new San Francisco Mayor Daniel Lurie to declare a state of emergency in order to better address fentanyl dealing and use in the city.

Until then, Trump's comments Thursday suggest he expects to regularly second-guess the Fed in public, despite a decades-long tradition among previous presidents of taking a hands-off approach to the central bank. Former president Joe Biden reappointed Powell, rather than replacing him, in a nod to central bank independence from politics.

The Fed now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy. "They've got a new administration with a new set of fiscal policies, and the monetary policy has to respond to that," Bank of America chair and CEO Brian Moynihan told Yahoo Finance at the World Economic Forum in Davos, Switzerland.

Schultz, whose appointment was effective Jan. 1, brings his own perspective of Hawaii's business community to the Economic Advisory Council. Hawaiian Host Group President and CEO Ed Schultz has ...

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season. The rate fell to 6.95% from 6.96% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.63%.

Fed interest rate moves can affect mortgage rates. But maybe not the way you expect. Moves by the Fed do not directly affect long-term fixed mortgage rates. They can, however, impact shorter-term loans, home equity financing and adjustable-rate mortgages.

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What comes after troubled loans reach their new maturity dates could provide a telling look at how the U.S. office market is faring.

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The economic policies outlined by the incoming Trump administration won’t cause a radical shift in inflation, former Federal Reserve ... Association meeting in San Francisco.