The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

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Timing is everything. A tenth of a percent can mean the difference between saving thousands of dollars over the course of a loan—or not.

High interest rates hurt Long Island’s housing, job market and growth. Martin Cantor argues it’s time for the Fed to cut rates to aid economic recovery.

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"If the cities continue to make it super hard for affordable housing developments to occur here, we're going to continue to see the housing shortage and the crisis."

In a facetious manner it can be said that if bringing the policy rate to zero by all central banks can spur growth, then there should be high growth across the world. But this is not how it works as interest rates, with the support of transmission, can make an impact only to a certain extent on the growth front.

President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?

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