Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the ... Read More

Higher prices or higher unemployment? The economy could face a no-win dilemma

Trump again slammed Federal Reserve Chair Jerome Powell after the central bank held interest rates steady as it tries to navigate fallout from White House trade policies. Read More

Fed chair Powell says 'economy is doing fine' despite declining consumer sentiment

Federal Reserve Chair Jerome Powell on May 7 said "the economy is doing fine" during a news conference after the Federal Open Market Committee announced it would keep its key rate steady at 4.25% to 4 ... Read More

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve will likely keep its key short-term interest rate unchanged, despite criticism from President Donald Trump and demands they reduce borrowing costs. CBS News Business Analyst Jill ... Read More

A juiced-up economy is good news, right? Not if inflation reignites. That’s the worry now.

“The economy galloping into the new year with considerable momentum,” said Bernard Baumohl, chief global economist at the Economic Outlook Group. The news ... the Federal Reserve to reduce ... Read More

Federal Reserve expects tariffs to cause inflation, slow economic growth

Typically the central bank would reduce its key interest rate to lower borrowing costs and spur the economy in the event of slower growth, while it would raise rates — or keep them elevated ... Read More

Federal Reserve is unlikely to rescue markets and economy from tariff turmoil anytime soon

Now that President Donald Trump has set out his landmark tariff plans, the Federal Reserve finds itself in ... tilting the economy into a recession. In the current case, the choice will be tough ... Read More

Federal Reserve Chief Says Trump Tariffs Likely to Raise Inflation and Slow U.S. Economic Growth

The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair ... Fed will likely keep its benchmark ... Read More

Cantor: With an uncertain economy, tinkering with the federal reserve is unwise

It is clear that the economy faces uncertainties. Inflation remains stubbornly close to the federal reserve’s benchmark ... Fed Chair Alan Greenspan to keep interest rates low. Read More