the process of getting inflation down to 2% has a long way to go and is likely to be bumpy,” Powell said in prepared opening remarks, adding that the increases in interest rates are “likely to ...

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

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

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 ...

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

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

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 ...

Three banks have failed, and several more are on the docket for downgrades by credit rating agencies. The post mortem of a ...

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