President Donald Trump said he expects to announce his pick to replace Federal Reserve Chair Jerome Powell in January, a highly anticipated moment.

The Federal Reserve Bank of New York's Standing Repo Facility, or SRF, loaned a record amount of cash Wednesday to eligible financial firms, as these companies managed liquidity needs on the final trading day of 2025.

"Mortgage interest rates went down before the Fed cut rates in September but went up after," says Ali Wolf, chief economist at NewHomeSource. "This is because the Fed is cutting the federal funds rate, which is a short-term interest rate. Mortgage interest rates, on the other hand, are influenced by investors and the yield on the 10-year Treasury."

James Bullard, former St. Louis Fed president and business school dean at Purdue University, joins 'Money Movers' to discuss the December rate cut, the 2026 Fed outlook, and more.

U.S. short-term funding markets saw some of the usual year-end tension this week, but the Federal Reserve’s renewed buying of short-term government debt and heavy use of its Standing Repo Facility helped keep cash flowing and prevented a bigger liquidity squeeze,

Analysts have warned the dollar’s steepest annual drop since 2017 will be followed by further declines next year that could send the bitcoin price

On Dec. 29, blockchain traders flagged a large leveraged bet against the crypto market just hours before the Federal Reserve is set to release its latest FOMC meeting minutes. According to data shared by Ted Pillows, a single high-net-worth trader opened short positions totaling more than $269 million across Bitcoin, Ether and Solana.

The Federal Reserve's decision earlier this month to start buying short-dated government bonds came after a recommendation from staff to do so and a judgment by policymakers that the level of reserves had fallen to a targeted "ample" range,