and the job market remains too tight,” said Powell, defending the increase. “The process of getting inflation down has a long ...

Federal Reserve Chairman Jerome Powell reiterates the Fed’s commitment to lowering inflation. The Federal Reserve Open Market Committee on Wednesday announced that it would be raising rates by 25 ...

The Fed would likely welcome slower growth, which would help cool inflation. But few economists are sure what the effects ...

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

The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high ...

Because the Federal Reserve believes recent troubles in the banking system are likely to mean tighter credit conditions for households and businesses, it no longer anticipates “ongoing rate increases ...

The collapse of Silicon Valley Bank has thrust the financial system into distress, pulling attention away from a separate problem: sky-high inflation.

Traders are accustomed to a bumpy ride whenever Jerome Powell speaks. But when Jerome Powell speaks at the same time Janet ...

The Federal Reserve announced it's raising interest rates 25 basis points on Wednesday, the latest move in the central bank's ...

Having raised interest rates at the fastest pace on record to tame inflation, the world's top central banks are openly ...