Federal Reserve Chair Jerome Powell had mentioned last week that the road to 2% inflation would not be a straight line. "We expect there to be bumps," Powell said, at his press conference last week.

Paramo said criticism from political leaders can undermine central bank efforts to tame inflation even if they stop short of ...

Senator Elizabeth Warren of Massachusetts is set to become the top Democrat on the Banking Committee, a prominent position ...

In an absolutely extraordinary moment the central bank’s governors vow to re-elect Jerome Powell chairman of our central bank ...

Bank of America CEO weighed in on the incoming Trump administration and the challenges ahead for the Federal Reserve.

Federal Reserve chair Jerome Powell has made it clear that he is willing to remain in place even if President-elect Donald ...

Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a ...

Sen. John Fetterman, D-Pa., speaks at a campaign rally for Democratic presidential nominee Vice President Kamala Harris at Erie Insurance Arena, in Erie, Pa., Monday, Oct. 14, 2024. (AP ...

President-elect Donald Trump’s return to the White House already carried the potential for sweeping changes to the Federal ...

On Tuesday, Wharton economist Jeremy Siegel shared his views on the recent U.S. presidential election. He suggested that ...

The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more ...

Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...