Federal Reserve

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.

Two former Federal Reserve officials are warning the U.S. central bank will struggle to tame the hottest inflation in four decades without sending the economy into a recession.

Americans' inflation fears remained near a record-high in April, with consumers expecting the price of everyday goods to stay elevated in the coming years, according to a key Federal Reserve Bank of New York survey published Monday.

Macro Trends Advisors LLC founding partner Mitch Roschelle warned on Sunday that the U.S. economy is on “shaky footing.”

The April jobs report revealed another month of robust hiring, likely solidifying the case for the Federal Reserve to pivot toward a mega-sized interest rate hike as it seeks to cool red-hot inflation.

Harvard University professor Kenneth Rogoff argued on Friday, shortly after the release of the April employment report, that the fact that “wages aren’t keeping up with inflation is quite problematic politically and quite concerning.”

The Federal Reserve raised rates by 50 basis points in May, and another rate hike could be on the way in the battle against rising inflation.

Eddie Ghabour, the co-founder of Key Advisors Group LLC, explains why the U.S. stock market has not yet hit bottom.