Federal Reserve

Powell says Fed 'a ways off' from tapering economic support

Federal Reserve Chairman Jerome Powell plans to tell Congress on Wednesday that the U.S. economy is "a ways off" from where it needs to be in order for policymakers at the U.S. central bank to begin scaling back the massive monthly bond purchases.

Gold investors call Fed’s inflation bluff

Gold investors are taking the wheel, setting the precious metal up for a major rally as investors realize the Federal Reserve is powerless against rising and persistent inflation, according to one strategist.