Complementary tools besides monetary policy is needed to control inflation, say economists, who believe that interest rate hikes by themselves may be ineffective to combat rising prices.

In his latest criticism of the Federal Reserve, President Donald Trump said there is "virtually no inflation," but central ...

while inflation is high. This condition is very rare. While the Fed controls monetary policy, the legislative branch (Congress) and executive branch (led by the President) control fiscal policy ...

This approach works if the central bank can control the money supply reasonably ... free in choosing the instruments to achieve the rate of inflation that the government deems appropriate. Fiscal ...

The conditions for fiscal dominance — when a central bank’s ability to control inflation through monetary policy is effectively negated by a government’s high debt and deficits — are ...

Kugler said she is carefully watching how the Trump administration's trade, immigration, fiscal policy and regulatory changes impact inflation and the labor market, but the "significantly larger ...

Federal Reserve Chair Jerome Powell said at a conference Friday that President Donald Trump's tariffs are likely to increase inflation ... for trade policy, immigration policy, fiscal policy ...

Household consumption, the main driver of domestic growth, is sensitive to higher inflation and borrowing costs. A more pronounced economic slowdown also increases the risk that fiscal policy ...

The U.K.'s inflation rate fell slightly to 2.8% in ... today may not be the only time this year the Chancellor has to tighten fiscal policy to compensate for higher borrowing costs," he added.