Fed's Powell says tariffs could lead to inflation, economic slowdown

Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation. Read More

Global Economy Set for Slowdown as Tariffs Herald New Era, IMF Says

The U.S. will suffer one of the largest hits to its growth prospects in a new era that will see most economies grow more slowly than previously expected, the fund said. Read More

Economy grew 2.8% in 2024, according to final estimate

The economy grew 2.8% in 2024, according to the government’s final estimate, a year of growth that came as the Federal Reserve lowered ... s last year in office, slightly slower than that ... Read More

IMF drops global economic growth forecast amid uncertainty around Trump’s tariffs

The forecasts are largely in line with many private-sector economists' expectations, though some do fear a recession is increasingly likely. Read More

Federal Reserve

President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates. The comments come ahead of Powell's economic ... The latest reading of the Federal ... Read More

Economic Indicators

The Labor Department on Thursday released the March consumer price index (CPI) report, which showed inflation rose at a slightly slower pace last month, though it remains above the Fed's goal. Read More

Fed should stay put for extended period amid policy uncertainty, Kashkari says

Together those forces are "kind of a wash," he told the Detroit Lakes Chamber Economic Summit, meaning that the Fed should "just sit where we are for an extended period of time until we get clarity." ... Read More

Federal Reserve will hold rates as Trump's tariffs stoke inflation concerns, says Collins

Federal Reserve ... Trump's latest salvo, announced on Wednesday, targets auto imports with 25% tariffs, which many experts believe will drive up prices aggressively and disrupt a critical ... Read More

Fed should stay put for extended period amid policy uncertainty, Kashkari says

Together those forces are "kind of a wash," he told the Detroit Lakes Chamber Economic Summit, meaning that the Fed should "just sit where we are for an extended period of time until ... leaders has ... Read More