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Powell: Fed Must Consider Costs of Being Wrong on Inflation
Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in tariff rates are much larger and because the economy is coming off a period of much higher inflation.
Key Takeaways Consumer prices likely rose slowly in May, as measured by Personal Consumption Expenditures (PCE), the Federal ...
Trump's top central bank overseer said inflation appears to be on a path back to 2% and expects “only minimal impact” from ...
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key ...
Higher import levies will put upward pressure on prices that may not prove temporary, Federal Reserve Governor Michael Barr ...
It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...
Federal Reserve governor Michelle Bowman supports a rate cut 'as soon' as July, highlighting the growing division within the ...
Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large ...
Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said ...
The Federal Reserve has decided to maintain its benchmark interest rate in the 4.25% to 4.5% range, resisting political ...
Recession worries are building once again, as some consumers fear the prospects of higher prices and continued high interest ...
Jerome Powell, Chair of Federal Reserve, urges patience on rate cuts, cites strong labor market and rising inflation ...
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