Yet that is precisely where the Fed sits. Its operating premise—that prosperity breeds inflation—gets the causality exactly wrong. From that faulty assumption flows a second delusion ...

Underneath those swings, as well as surveys showing U.S. households are growing much more pessimistic about the future, the Fed said it continues to see the economy running “at a solid pace ...

President Donald Trump has called for the Fed to cut rates, but the central bank is in a tough spot. One-year inflation expectations are surging, while data doesn't yet indicate a cut is needed.

Most economists expect the tariffs introduced since January to push up prices and cool economic growth -- at least in the short run -- potentially keeping the Fed on hold for longer. "The Fed has ...

Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American ...

Trump has pushed the Fed to cut its key short-term interest rate because inflation has cooled. But Fed Chair Jerome Powell has underscored that the central bank is likely to remain on the ...

US consumer spending jumped in March while a key measure of inflation decelerated, a welcome reprieve before tariffs are expected to broadly drive up prices. Inflation-adjusted consumer spending ...

A New York City police officer shot and killed a driver near the Belt Parkway in Brooklyn on Tuesday after police say that driver nearly struck the officer at a roadblock. We've learned the ...

He has insisted, however that he has “no intention” to try to fire the Fed chair who has some time still left in his term. “Interest rates came down despite the fact that I have a Fed person ...

The cases are being watched as potential proxies for whether Trump has the authority to fire Fed officials, particularly after his recent criticism of Powell shook financial markets and fueled ...

Fed's concern is above-target inflation that may worsen due to tariffs U.S. economy shrank last quarter, consumer spending slowed Traders expect an interest rate cut in June April 30 (Reuters ...

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