The Latest Breaking News from Jerome Powell

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

WASHINGTON — Nearly a year ago, Sen. Joe Manchin wrote Fed Chair Jerome Powell to raise alarm that the central bank’s policies would overheat the economy, a fixation that made the West Virginia Democrat an outlier in his party.

This focus on inflation in the recent past could mean ignoring signs that inflation is already on track to come down.

Federal Reserve chairman Jerome Powell is raising interest rates at the fastest pace since the 1980s. That has been easy so far because rates are low and the economy has been strong.

In a masterpiece of understatement, Jerome Powell, chairman of the Federal Reserve, recently said: “I would say if you’re a homebuyer, or a young person looking to buy a home, you need a bit of a reset.”

U.S. employers likely downshifted their pace of hiring in June, but to a level that remains solid despite heightened fears that the economy faces the growing risk of a recession

For fans of code-breaking, Thursday morning’s Wall Street Journal home page provided plenty of material to perplex and entertain.

An extended inversion of the U.S. Treasury yield curve, the market's go-to recession indicator, has heaped added pressure on the Fed.

Stock futures steady, yield curve inverts as recession fears linger; Fed minutes in focus as growth bets quickly fade; Oil prices higher, OPEC secretary general Barkindo dies at 63; Amazon takes small stake in Grubhub and Boris Johnson faces latest political crisis as senior ministers resign.