Federal Reserve Chair Jerome Powell is set to tell lawmakers the Fed is focused on making sure any one-time increases in prices from higher tariffs won’t turn into an “ongoing inflation problem.” Powell is set to to testify on Capitol Hill for two days,

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Do

Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of Congress on Tuesday (June 24).