Federal Reserve

Soaring inflation is going to get worse and will have dire consequences for the U.S. economy, according to one economist.

FOX Business host Stuart Varney on inflation spiking as Congress aims to pass large spending bills.

American consumers are grappling with the fastest price increases in decades, with the cost of everything from cars to gasoline to food surging nationwide.

The Federal Reserve announced after its November meeting that it will begin tapering its economic stimulus. Here's what that could mean for interest rates.

The IRS on Wednesday announced 2022 inflation adjustments for a slew of different tax provisions, including federal income brackets and the standard deduction, that reflect a months-long surge in consumer prices.

The Federal Reserve for months has taken a patient stance on hotter-than-expected inflation, reiterating frequently that a months-long surge in consumer prices is transitory and that raising interest rates too soon risks the U.S. from achieving full jobs recovery.

Job growth surged in October, surpassing expectations. With the Fed closely watching the labor market, here's what that means for interest rates.

Former Secretary of the Treasury Steven Mnuchin argued that it is time to hit the “pause button” on government spending to get “inflation under control.”

Federal Reserve Governor Randal Quarles announced Monday that he is stepping down from his post in December, leaving an additional seat open that will allow President Biden to further reshape the U.S. central bank.

St. Louis Fed President James Bullard pointed out that gross domestic product is “above pre-pandemic levels so we already fully recovered in that sense from the pandemic and the pandemic isn't even over yet.”

Americans' inflation fears continued to accelerate in October, climbing for the 12th consecutive month in a row to another record high, according to a key Federal Reserve Bank of New York survey published Monday.

More robust job growth is needed to ease America’s ‘Great Resignation’ which has workers quitting jobs at a record pace.

The big question in Friday's release of the federal jobs report for October will be whether companies found more success this time in filling millions of open positions.

Federal Reserve Chairman Jerome Powell was seen visiting the White House on Thursday, according to people familiar with the matter.

Federal Reserve Chairman Jerome Powell said Wednesday that surging inflation may not fade until the latter half of 2022, but maintained that wild swings in consumer prices will stop once current pressures on the supply chain dissipate.

Federal Reserve policymakers delivered a fresh assessment of the U.S. economy and the state of inflation.

The Federal Reserve on Wednesday announced plans to begin slowing its aggressive bond-buying program by $15 billion a month, the first step that policymakers will take in reversing a historic level of stimulus for the U.S. economy.

Federal Reserve officials on Wednesday are expected to lay out plans to begin slowing their aggressive bond-buying program as soon as this month, the first step that policymakers will take in dialing back pandemic-era support for the U.S. economy.

President Biden on Tuesday declined to say whether he planned to renominate Jerome Powell as chairman of the Federal Reserve as surging inflation and a worsening labor shortage weigh on the economy's recovery from the coronavirus pandemic.

The Federal Reserve releases its decision on interest rates and likely an update on inflation Wednesday.