Federal Reserve

Federal Reserve Chair Jerome Powell said President Trump's tariffs are likely to cause inflation to rise at least temporarily, though the extent and duration is unclear.

President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates. The comments come ahead of Powell's economic outlook speech.

The U.S. economy added 228,000 jobs in March, above economists expectations, as payroll growth continued at a faster pace despite mounting economic uncertainty.

The Commerce Department released the February personal consumption expenditures (PCE) index, which showed that inflation remains above the Federal Reserve's 2% goal.

As tariffs work their way into the U.S. economy, possibly igniting an inflation headwind, President Donald Trump suggests the Federal Reserve could better manage the economy with a rate cut.

The Fed didn’t cut interest rates in March, citing the stable economy and improving labor markets.

Debunking the media hysteria, Powell admits Trump tariffs are not inflationary

The Federal Reserve on Wednesday announced that it will leave a key interest rate unchanged for the second consecutive meeting amid persistent inflation and uncertainty about the economy.

Federal Reserve policymakers are meeting for the second time this year, with markets overwhelmingly expecting them to leave rates unchanged in March, though cuts could be coming soon.

As Treasury Secretary Scott Bessent describes it, this effort by the Trump administration to tame inflation is a whole-of-government approach.

The stock market had investors on a wild ride this week, but many portfolio managers are telling clients to sit tight with calmer days on the horizon in the second-half of the year.

The Labor Department on Wednesday released the consumer price index for February, which found inflation was 2.8%, slower than economists' expectations ahead of the next Federal Reserve meeting.

The percentage of borrowers with subprime car loans at least 60 days past due rose to the highest level since at least 1994 in January amid high car prices and elevated interest rates.

Gold prices have gained more than 40% over the past 12 months and despite a pullback, experts see more bullish signs for the yellow metal to move even higher in the coming months.

The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues.

The Conference Board's consumer confidence report found that confidence slumped in February with the biggest monthly drop in nearly four years amid inflation and tariff concerns.

Federal Reserve officials cautioned that uncertainty over the impact of President Trump's tariffs and immigration policies could impact the outlook for curbing inflation.

Federal Reserve policymakers noted the potential for higher tariffs to contribute to inflation remaining above the central bank's 2% target rate in the minutes from their last meeting.

Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.

Kevin Hassett, a key economic adviser to President Donald Trump, said that he will hold regular lunch meetings with Fed Chair Jerome Powell and other central bank policymakers.