Critics warn that the tariffs will drive up consumer prices and fuel inflation. In theory, the Fed should respond only to demand shocks, unexpected events affecting the demand for goods and services.

“A tariff is like a negative supply shock. That’s a stagflationary shock, which is to say it makes both sides of the Fed’s dual mandate worse at the same time,” Goolsbee said Thursday at ...

Almost all Fed officials viewed “risks to inflation as tilted to the upside and risks to employment as tilted to the downside,” according to the minutes of the March 18-19 Federal Open Market ...

The minutes of the U.S. central bank’s mid-March meeting, released on Wednesday, showed that Fed officials already felt they were operating in a thickening cloud of uncertainty that had the ...

A burglar broke into UFC fighter Henry Cejudo’s home, stealing his prized championship belt just days after the former Olympian took down a suspected drunk driver who crashed into his neighbor ...

Federal Reserve Chair Jerome Powell said recently that the U.S. economy will likely face a period of higher prices and weaker growth owing to President Trump’s new tariffs. Photo: Tierney L.

Fed minutes reflect some opposition to downshift in balance sheet plan Minutes show more on how Fed evaluating market liquidity Fed continues to wrestle with market liquidity amid debt ceiling ...

Frontline has selected a modern four-cylinder engine and five-speed manual transmission for the MGA that could hardly be more fitting. It's choosing transmissions and engines from Mazdas ...

In a statement released Tuesday, the Fed said it released Lori H. Staples from a cease-and-desist order issued in May 2003. The action was officially terminated on April 4. The order required Staples ...

The result is a Fed whose political independence and market credibility are as shaky as they have been since the late 1970s and early 1980s. And that is bad news for a central bank that ...

President Donald Trump is ratcheting up pressure on the Federal Reserve to cut interest rates, accusing Fed Chair Jerome H. Powell of “playing politics” and of acting too slowly to respond to ...

Futures traders assume a range of as low as 3.25% to 3.5% as of the Fed’s December meeting, implying as many as four quarter-percentage-point cuts, according to the CME’s FedWatch tool ...