The Latest Breaking News from Jerome Powell

U.S. inflation, as measured by the Federal Reserve's preferred Personal Consumption Expenditures (PCE) Price Index, remains unchanged at 6.2% annually in September, according to the Bureau of Economic Analysis.

A pivot from the Federal Reserve could be coming sooner than most are anticipating, even as the labor market continues to show strength.

U.S. initial jobless claims ticked higher last week, but came in below economist estimates and still remain near historically low levels.

Gloomy earning guidance halted the S&P 500’s three-day winning streak. Moreover, a recession seems apparent as the U.S. economy battles sky-high inflation, aggressive rate hikes, and geopolitical headwinds. With the bear market not over yet, we think fundamentally strong stocks Walmart (WMT), Cisco Systems (CSCO), and Vertex Pharmaceuticals (VRTX) might…

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has sent a letter to Federal Reserve Chair Jerome Powell, reminding him about the central bank’s dual mandate and asking him not to forget his responsibilities to 

WASHINGTON — The White House’s exploration of a government-backed digital dollar is raising an implicit question that has received little attention: What role does Congress have in the decision?

The Fed says it needs congressional support to issue a digital currency, but it's unclear whether it has to be in the form of legislation.

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

Aggressive Federal Reserve rate hikes are straining global currencies and economies. But the Fed may not stop until something breaks.

Inflation rate stubbornness will likely spark a further increase to interest rates which could come in early November

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.