Federal Reserve Predicts High Inflation Will Persist for More than Seven Years Post-Pandemic

Federal Reserve Chair Jerome Powell once called he pandemic-era burst of high inflation "transitory." Fed officials now expect it to last more than seven years from when it started. Read More

Takeaways: If you’re confused about what’s next for the US economy, so is the Fed

The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the ... Read More

Will the Fed cut rates today? See 5 economic charts that may determine its decision.

With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024. Read More

Larry Summers Says Inflation Is The Biggest Risk For US Economy As Fed Cuts Rate By 25 Bps: Report

Former Treasury Secretary Larry Summers reportedly stated on Thursday that the biggest risk to the U.S. economy is not the job market, but inflation. In an interview with Bloomberg, Summers said the ... Read More

Fed Officials Mostly Expect Inflation Uptick to be ‘Short-Lived’

With trade policy continuing to fluctuate, the effect of higher tariffs on the overall economy remains uncertain. But Powell said Wednesday that a “reasonable base case” at this point is that the ... Read More

The Fed Has No Good Options as Hiring Wobbles and Inflation Picks Up

The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign. Read More

Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says

Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News. Read More

The Fed faces economic uncertainty and political pressure as it decides whether to cut rates

The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates. Read More

Fed officials struggle to explain slowing economy, adding to the sense a rate cut is coming

I don’t see a recession in my forecast at all, but I do see slower growth through the year,” said Fed governor Christopher Waller, in an interview on CNBC. Read More

IMF says US economy showing strains; tariffs pose some risks to inflation

The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday. Read More

Fed officials struggle to explain slowing economy, adding to the sense a rate cut is coming

For months, Federal Reserve officials have concentrated most of their commentary on the threat of higher inflation stemming from the White House’s aggressive tariff program. But there has been a ... Read More

Fed officials struggle to explain slowing economy, adding to the sense a rate cut is coming

Fed governor Christopher Waller was one of four central bank officials to highlight slow growth this week. For months, Federal Reserve officials have concentrated most of their commentary on the ... Read More