The Fed chairman indicated that interest rates ultimately are ‘likely to be higher’ than earlier projections and stay high ...

Federal Reserve Chairman Jerome Powell reiterates the Fed’s commitment to lowering inflation. The Federal Reserve Open Market ...

The Fed's job of fighting off high inflation has gotten a lot trickier lately For many Americans enduring higher prices, ...

January data shows that inflation as gauged by personal consumption expenditures ... Even so, we have more work to do," he said, adding that the road there could be "bumpy." Powell speaks Tuesday ...

Because the Federal Reserve believes recent troubles in the banking system are likely to mean tighter credit conditions for ...

Powell tells Congress the Fed could raise interest rates more than anticipated to tame inflation. Price increases and job ...

The Fed would likely welcome slower growth, which would help cool inflation. But few economists are sure what the effects would be of a pullback in bank lending.

"We expect 2023 to be a year of significant decline in inflation," Powell said in February. "This process is likely to take ...

The Federal Reserve announced another 25 basis point interest rate increase, bringing the federal funds rate to a targeted ...

Last week, the U.S. Federal Reserve raised interest rates by 0.25% amid banking turmoil, marking the ninth increase in a year ...

Global markets were rattled again by two new problems, injecting a new dose of fear into an already on-edge banking sector.

U.S. stocks reversed earlier losses to close in positive territory on Friday as markets cap off a bumpy week following the ...