The Latest Breaking News from Jerome Powell

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald Trump has demanded

Economic tremors ripple across financial markets as shifting global dynamics push major banks to alter their interest rate forecasts. J.P. Morgan now expects the Federal Reserve to cut interest rates by 25 basis points at its September meeting, moving up its forecast from December.

Trump’s sweeping tariffs may be driving inflation and recession fears. Here’s what economists have to say about it and what it could mean for your wallet.

A top official at the Federal Reserve is saying that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower

As President Donald Trump continues to push for lower interest rates, the search for a successor to Federal Reserve Chair Jerome Powell has expanded, with U.S. Treasury Secretary Scott Bessent at the helm.

After last week's declines, triggered by a weaker-than-expected jobs report and a June inflation uptick, Wall Street rebounded with strong gains as earnings momentum remained robust.

The Fed should be replaced by free markets, not unbridled presidential power.

Miran will take the spot vacated by Adriana Kugler if his appointment is approved by the Senate.

Sen. Elizabeth Warren (D-Mass.) said Thursday she has "tough questions" for Stephen Miran after President Donald Trump announced he would nominate the White House's top economist to a short-term seat on the Federal Reserve's Board of Governors.