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.

Addressing a group of reporters at an event hosted by the Economic Club of New York on Thursday, Goolsbee said the information the Fed has about direct lending practices and the market's treatment of ...

“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.

In a note to clients, the analysts at Jefferies said the moves were reminiscent of March 2020, when fears over the spread of the COVID-19 virus sparked a global race for cash that pushed the Fed ...

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 ...

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 ...

(WSVN) - A Broward Sheriff’s Office detention deputy is behind bars after investigators say he slapped a woman so hard she lost hearing in one ear and beat her multiple times with a belt during ...

A growing number of Canadians are grounding their travel south of the border as the realities of a trade war set in, forcing airports and airlines to adapt just as quickly. This was an “easy ...