Economy Aug 12

Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June.

Politics Aug 07

The appointment is Trump’s first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticized the current chair, Jerome Powell, for keeping short-term interest rates unchanged.

Economy Aug 01

The unemployment rate ticked up to 4.2% as Americans dropped out of the labor force.

Politics Jul 24

The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump.

Politics Jul 18

The Fed's architects said the central bank had wanted glass walls to reflect the Fed as a transparent institution, but three Trump appointees to a local commission felt marble best fit the building's historic character.

Politics Jul 16

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, who has resisted the Republican president's calls to slash interest rates out of concerns about the administration's tariffs sparking…

Economy Jul 15

On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Economy Jul 01

Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain.

Politics Jun 18

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.

Economy Jun 17

With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%.