Jerome Powell

Most Federal Reserve officials agreed last month that surging inflation and a rapidly recovering labor market could warrant a faster-than-expected interest rate hike as policymakers seek to wind down pandemic-era support for the U.S. economy.

Federal Reserve Chairman Jerome Powell is entering 2022 with the American economy on shaky ground, teeing up a challenging year for the U.S. central bank as it accelerates its withdrawal of support, all while navigating the ever-changing landscape of the coronavirus pandemic.

The Federal Reserve may need to get more radical says Larry Summers.

Bitcoin is trading higher Thursday morning following a jump on Wednesday afternoon after the conclusion of the Fed's final policy meeting of the year and Chairman Jerome Powell's press conference.

Fed Chair Powell faces the music as inflation runs wild despite earlier views of it being "transitory" even as gas and food prices soar.

The Federal Reserve on Wednesday announced plans to accelerate the wind down of its aggressive bond-buying program, opening the door to interest-rate liftoff in the first half of next year as policymakers seek to combat the hottest inflation in four decades.

Federal Reserve officials on Wednesday are expected to lay out plans to begin accelerating the winding down of their massive bond-buying program as they seek to remove the crutches from the U.S. economy in order to combat the hottest inflation in four decades.

The U.S. Federal Reserve will raise rates in the third quarter of next year, earlier than expected a month ago, according to economists in a Reuters poll who mostly said the risk was that a hike comes even sooner.

The newest coronavirus variant may have fueled stock-market volatility in recent days, but Morgan Stanley analysts are arguing that stock investors should be more concerned about the Federal Reserve and its newfound response to the "on fire" economic data.

ADP job growth was solid but the omicron variant is kicking up volatility for US investors.

Federal Reserve Chairman Jerome Powell assured lawmakers on Wednesday that a move by the U.S. central bank to speed up its withdrawal of support for the U.S. economy should not disrupt the markets, one day after his comments precipitated a massive nosedive on Wall Street.

Supply chain bottlenecks and a worsening labor shortage threatened to undermine the U.S. economic recovery from the coronavirus pandemic this fall, according to a new Federal Reserve report.

Federal Reserve Chairman Jerome Powell is set to tell Congress on Tuesday that the omicron variant could threaten the U.S. labor market and cloud the inflation forecast.

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

Federal Reserve officials raised concern last month about hotter-than-expected inflation and signaled they could raise interest rates if consumer prices continue to soar.

Jerome Powell on Monday pledged to use the Federal Reserve's full arsenal to prevent faster inflation from becoming more permanent after President Biden renominated him to another four years at the helm of the U.S. central bank.

President Joe Biden announced on Monday that he will nominate Federal Reserve Chairman Jerome Powell to serve a second term. Here's what that could mean for interest rates.

Vice President Kamala Harris voted against Jerome Powell’s first nomination to lead the Federal Reserve during her time in the Senate in 2018 -- a vote resurfacing as President Biden announced his intent to nominate him for a second term.

Wall Street is bracing for the Federal Reserve to raise interest rates from near-zero in June after President Biden on Monday picked Jerome Powell to lead the central bank for another four years.

FreedomWorks economist Stephen Moore argued on Monday, shortly after President Biden announced that he will nominate Jerome Powell to a second term as chairman of the Federal Reserve, that Lael Brainard “would have been a disaster” in the role.