Federal Reserve

The U.S. economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in 38 years, as massive government aid and vaccinations against COVID-19 fueled spending on travel-related services.

Milken Institute chief economist Bill Lee and Grant's Interest Rate Observer founder Jim Grant weigh in on the Federal Reserve's unanimous decision to keep interest rates low.

Federal Reserve Chair Jerome Powell indicated that the agency’s staff would be resuming in-person work in a few weeks, though he did not mention any specific mandates as more requirements are announced for federal employees.

Federal Reserve Chairman Jerome Powell said Wednesday that policymakers at the U.S. central bank see no cause for alarm from the resurgence of COVID-19 cases nationwide, driven by the highly transmissible delta variant.

Federal Reserve Chairman Jerome Powell gave his latest views on inflation, tapering and the health of the U.S. economy amid rising COVID-19 cases and a return to mask mandates.

The Federal Reserve said Wednesday that it would maintain ultra-low interest rates and reaffirmed its commitment to other easing policies.

Federal Reserve policymakers are meeting this week as the U.S. economy and its nascent recovery from the coronavirus pandemic face down a pair of new threats: Surging inflation and rising Covid-19 infections.

Prices for everything from gas, cereal and motorcycles are going higher as inflation gets hotter. To see if you’re paying more, follow FOX Business’ list of the companies raising prices.

The restaurant Serendipity 3 already claims world records for the most expensive burger ($295) and ice cream sundae ($1,000), so if the question is, "You want fries with that?" its answer is a resounding yes.

Michael Lee Strategy founder Michael Lee on the future of Bitcoin.

The Dow crossed 35,000 for the first time in history putting its annual gain at 14.6%.

Biden's proposed $3.5 trillion spending plan could fuel inflation that is already the hottest it's been in nearly three decades.

The Federal Reserve is holding interest rates near 0% as inflation surges. In a testimony before Congress, Fed chair Powell said today's inflation surges are temporary.

U.S. economic growth faltered slightly in June compared with the previous month, according to new data released Thursday by the Federal Reserve Bank of Chicago.

Plunging bond yields have farther to fall as the market comes to the realization that the recent bout of inflation is transitory, according Wall Street strategists.

Federal Reserve Chairman Jerome Powell on Thursday defended the U.S. central bank's decision to keep in place the ultra-easy policy measures implemented last year during the COVID-19 pandemic, even as inflation surges to the highest level in 13 years.

Sen. Pat Toomey on Thursday took aim at the Federal Reserve’s shaky record on inflation during his opening statement at the Senate Banking Committee’s hearing with chairman Jerome Powell.

Some Republican lawmakers worry Atlanta Fed President Raphael Bostic is too focused on his “woke” agenda as inflation rages at levels not seen in decades.

U.S. equity futures are leaning toward a mixed trading session on Thursday.

Federal Reserve Chairman Jerome Powell said that the central bank was advancing research and public outreach regarding its own digital dollar – and a white paper could be released this fall.