Critics warn that the tariffs will drive up consumer prices and fuel inflation. In theory, the Fed should respond only to demand shocks, unexpected events affecting the demand for goods and services.

If that was a relief to markets — major indexes rose 6% or more and investors cut the expected number of Fed rate cuts this year to 3 from 4 — it highlighted the very uncertainty the minutes ...

Mayor Adams’ office issued an executive order late Tuesday allowing federal immigration agents to operate on Rikers Island again — a move sought by President Trump’s administration that ...

Almost all Fed officials viewed “risks to inflation as tilted to the upside and risks to employment as tilted to the downside,” according to the minutes of the March 18-19 Federal Open Market ...

The minutes of the U.S. central bank’s mid-March meeting, released on Wednesday, showed that Fed officials already felt they were operating in a thickening cloud of uncertainty that had the ...

A burglar broke into UFC fighter Henry Cejudo’s home, stealing his prized championship belt just days after the former Olympian took down a suspected drunk driver who crashed into his neighbor ...

Federal Reserve Chair Jerome Powell said recently that the U.S. economy will likely face a period of higher prices and weaker growth owing to President Trump’s new tariffs. Photo: Tierney L.

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, warned on Wednesday that last week’s wide-ranging tariffs could unsettle people’s expectations about inflation. Hurdle to ...

Trump’s erratic policies have the US on the road to a recession.Credit: AP The question the Fed was grappling with then was whether, after cutting the federal funds rate three times last year ...

In a note to clients, the analysts at Jefferies said the moves were reminiscent of March 2020, when fears over the spread of the COVID-19 virus sparked a global race for cash that pushed the Fed ...

Days after warning of a potential “market dysfunction” in the U.S. Treasury market, economist Craig Shapiro has signaled a significant shift, suggesting the “Fed put” might be nearing ...

Fed minutes reflect some opposition to downshift in balance sheet plan Minutes show more on how Fed evaluating market liquidity Fed continues to wrestle with market liquidity amid debt ceiling ...