Jerome Powell

Inflation rose in March at the fastest pace in 1981, ratcheting up pressure on the Federal Reserve to move even more aggressively to tame soaring consumer prices.

Inflation accelerated in March to a new four-decade high as the Russian war in Ukraine fueled rapid price gains for oil and gas that wiped out the benefits of rising wages for most Americans.

Most Federal Reserve officials agreed last month that surging inflation and a tight labor market could warrant a half-point interest rate hike as policymakers look to combat soaring prices.

The March jobs report revealed another month of robust hiring, likely solidifying the case for the Federal Reserve to pivot toward a mega-sized interest rate hike as it seeks to cool red-hot inflation.

Former Chase chief economist Anthony Chan discusses the probability of a recession in 2022.

Inflation is the worst it has been in four decades, with the price of everyday necessities like food, gasoline and cars surging in recent months.

FOX Business host Larry Kudlow weighs in on the cause of record-high inflation on 'Kudlow.'

Federal Reserve Chairman Jerome Powell said Monday the central bank is prepared to more aggressively raise interest rates if policymakers conclude that doing so is warranted to curb inflation.

Federal Reserve Governor Christopher Waller said Friday the U.S. central bank should consider enacting a half-point interest rate hike at some point this year and begin unwinding the balance sheet by July in order to combat "raging" inflation.

Federal Reserve Chair Jerome Powell said recent holdups at the Fed don't impact the ability to fight inflation — which is not what the White House has said.

The Federal Reserve on Wednesday announced it will raise rates for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place two years ago to prop up the economy through the COVID-19 pandemic.

The U.S. Senate Banking Committee plans to hold a meeting Wednesday to vote on advancing four nominees for the Federal Reserve, including the renomination of Chairman Jerome Powell.

The Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers look to cool red-hot inflation, a move that comes at a precarious time for the U.S. economy as it confronts a continuing pandemic and a war in Europe.

Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he plans on proposing a 25 basis point rate increase at the central bank's March meeting.

A key measure of annual inflation that is closely watched by the Federal Reserve is running at the hottest pace in nearly four decades as widespread supply disruptions, extraordinarily high consumer demand and worker shortages fuel rapidly rising prices.

JPMorgan Chase economists now see the Federal Reserve hiking interest rates nine consecutive times as central bank policymakers look to tackle hotter-than-expected inflation.

Most Federal Reserve officials agreed last month that surging inflation and an incredibly tight labor market could warrant a faster-than-expected pace of interest rate hikes this year.

Goldman Sachs now sees the Federal Reserve hiking interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle hotter-than-expected inflation.

Fed senior staff don’t vote on monetary policy, but many are actively involved in compiling data, doing research, and briefing Fed leaders to help them analyze the economy, financial markets and the central banks’ policy options.

The hotter-than-expected January inflation report could force the Federal Reserve to kick off its interest-rate hikes next month with the steepest increase in two decades.