Federal Reserve

While inflation cooled slightly in May, so did consumer spending, a sign Americans are belt-tightening as prices for gas, food, and staples remain elevated.

If a recession comes, Americans across the country will experience the pain – despite what Biden may believe.

Stock futures are trading lower ahead of June's final trading day after the U.S. economy contracted more than expected amid high inflation and weakening consumer confidence.

Federal Reserve Chair Jerome Powell said Wednesday there is "no guarantee" the central bank will be able to tackle inflation without sacrificing jobs.

The billionaire hedge fund manager is reiterating his previous call for more aggressive action by the Federal Reserve to bring down inflation as consumer confidence sinks.

FOX Business host Larry Kudlow told 'Mornings with Maria' that the United States is "probably on the front-end of a recession" following the GDP release Wednesday.

The final reading on first-quarter GDP came in worse than expected raising fresh concerns about the timing of a U.S. recession.

Here are the key events taking place on Wednesday that could impact trading, including the latest reading on economic growth and earnings reports.

Stephen Moore argued on Monday that the economic picture could get worse depending on the moves of the Federal Reserve and government in the second half of 2022.

FOX Business' Edward Lawrence sits down with San Francisco Federal Reserve President Mary Daly to discuss inflation and the U.S. economy under President Biden.

Historic inflation is not mainly a result of Russia's war in Ukraine, and the Federal Reserve's interest rate hikes may cause a recession.

A former Obama economist warned the U.S. economy could experience a return to 1970s-style stagflation as the Federal Reserve combats inflation with rate hikes.

The Federal Reserve found that all of the nation's 33 biggest banks passed its latest "stress tests," meaning they have enough capital to withstand a severe economic contraction.

The Federal Reserve's battle on inflation could cause the unemployment rate to rise as Americans lose their jobs, Chairman Jerome Powell told Congress on Thursday.

A series of events taking place on Thursday could impact trading including Fed Chairman Powell's testimony on Capitol Hill and weekly jobless claims numbers.

Hundreds of employees in the bank's mortgage business have been caught in the crosshairs as the Federal Reserve has driven mortgage rates higher as it works to bring down inflation.

Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on whether the central bank can avoid a recession while trying to curb 40-year-high inflation.

Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.

Bridgewater Associates founder Ray Dalio is sounding the alarm that the Fed's efforts to bring down inflation will come at a great cost – stagflation.

Federal Reserve Chairman Jerome Powell said on Wednesday that policymakers are committed to tackling inflation and will hike rates until consumer prices start to fall.