Economy News Us Economy News Today Fed Officials Say Inflation Fight Is Still On Track

Fed Debate Heats Up: Cut Interest Rates to Save Jobs or Hold Firm Against Inflation?

A divided Fed faces tough choices ahead of its December meeting—cut rates to support jobs or hold firm to fight stubborn inflation. Read More

Fed's Hammack says restrictive monetary policy needed to cool inflation

Cleveland Federal Reserve President Beth Hammack said on Thursday monetary policy needs to remain in a position where it can help lower inflation pressures, suggesting she leans against the U.S. Read More

The U.S. official who is most serious about fighting inflation is in Cleveland

The rise in consumer prices is on track to exceed the central bank’s target until 2028. Cleveland Fed President Beth Hammack is trying to get that inflation rate down. Read More

2 Federal Reserve officials oppose an interest rate cut in December

Two Federal Reserve officials expressed opposition Wednesday to another interest rate cut at the central bank’s next meeting in December, further muddying the outlook for the Fed’s next steps. Read More

Shutdown Complicates Fed’s Inflation Fight

The Federal Reserve faces a harder job as a federal government shutdown collides with a cooling job market and sticky prices. Policymakers must weigh risks without a full picture of the economy, and ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More