Federal Reserve

Fed Chairman Jerome Powell and his colleagues initially operated under the assumption that higher inflation was narrowly related to the COVID-19 pandemic, and that once virus cases started to decline, prices would stabilize too.

Harvard University economics professor Kenneth Rogoff told FOX Business that once the Fed raises interest rates, it may be difficult to ‘control’ the economy.

Inflation accelerated again in April, the Labor Department reported on Wednesday, with the consumer price index rising by 8.3%, much higher than economists expected.

Several experts have suggested in recent days that the April CPI report indicates inflation has peaked.

U.S. consumer confidence tumbled more than expected to a fresh 11-year low in early May, reflecting heightened concerns among Americans about the hottest inflation in a generation.

Odeon Capital Group chief financial strategist Dick Bove told FOX Business that "to kill inflation" the Fed will need to "lower demand below supply."

The Nasdaq Composite is on pace to cross the lows hit in the pandemic crash of March 2020.

Federal Reserve Chairman Jerome Powell was confirmed by the Senate on Thursday for a second term heading the central bank and guiding U.S. monetary policy.

The Senate overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve on Thursday, a move that comes at a precarious time for the U.S. central bank as policymakers attempt to tame the hottest inflation in a generation without tipping the economy into a recession.

The tightest labor market in decades is fueling rapid wage growth for millions of Americans, but sky-high inflation is quickly eroding those gains.

Kaltbaum Capital Management President Gary Kaltbaum discusses the impact of the Federal Reserve's previous policy decisions as the markets search for relief amid inflation.

Wholesale prices on an annual basis cooled for the first time in months in April, even as inflation continued to hover near a 40-year high as a result of strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine.

Federal Reserve Chairman Jerome Powell could win Senate confirmation as soon as Thursday afternoon, according to CSPAN.

Former Chairman of the council of economic advisers Kevin Hassett argued on Wednesday, shortly after the release of April's inflation data, that the Fed’s policies to curb soaring prices are not “having any effect at all right now.”

Inflation cooled for the first time in months in April, even as supply chain constraints, the war in Ukraine and strong consumer demand continued to keep consumers prices running near a 40-year-high.

The Labor Department is releasing the highly anticipated consumer price index on Tuesday morning, providing a fresh look at just how hot inflation ran in April.

President Biden on Tuesday called combating the hottest inflation in 40 years his top domestic priority as he sought to reassure Americans over sky-high consumer prices, which have become a majority political liability for Democrats.

Cleveland Federal Reserve President Loretta Mester said Tuesday she supports consecutive, half-point interest rate hikes at the central bank's next two meetings – and would back an even bigger increase down the road if sky-high inflation doesn't cool off by the second half of the year.

Ahead of Biden's address on inflation concerns, Tuesday, Republican Senate candidate in Pennsylvania Kathy Barnette criticized the White House for pivoting to the Fed to fix inflation when they're the ones that 'broke' it.

Inflation and recession jitters sent the Dow, S&P 500 and Nasdaq to the lowerst in more than a year.