The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few,

The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.

The Federal Reserve should not succumb to pressures and lower rates too soon, writes BOK Financial's chief investment officer.

In a recent interview, Federal Reserve Chair Jerome Powell affirmed the central bank’s commitment to a series of interest rate cuts this year. Powell’s statements, featured on “60 Minutes,” shed light on the Federal Reserve’s strategy amid a backdrop of a healthy economy and a slowing inflation rate.