Federal Reserve Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the Fed would have likely reduced rates this year if not for potential consumer price hikes.

The Fed's decision to maintain high interest rates throughout the year aims to counteract inflation. Although inflation has decreased to levels near the Fed's 2% annual target following a post ...

The Fed has imposed its most aggressive series of rate hikes in 40 years. The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a ...

Consumer prices rose 2.4% year-over-year in May, defying fears that President Trump’s tariffs could lead to higher inflation. Here’s why economists think that will change in the coming months.

Consumer spending, Barkin said, is “holding up fine. It’s not frothy. It’s not weak.” Employers, he added, are still in a “low-hiring-low-firing” posture.

This decision came despite President Donald Trump's public criticism of Fed Chair Jerome Powell. "But we have a stupid person, frankly, at the Fed," Trump said.

But, said Powell, the Fed Chair Powell acknowledged on Tuesday that “if you look in the rearview mirror and look at existing data that we’ve seen, you can make a good argument that would call ...

In an updated forecast, Fed officials now expect inflation, as measured by the core personal-consumption expenditures (PCE) index, to jump to 3.1% by the end of the year, up from a rate of 2.5% in ...

The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.

With inflation cooling and rates holding firm this Fourth of July, CFOs are caught in a political and monetary standoff ...

For mortgage rates to continue falling, there needs to be signs of cooling inflation as well as additional Fed rate cuts. Mortgage Rates Slightly Lower Ahead of Inflation Data: Today's Rates, June ...