Under normal circumstances, moderating inflation and a weakening labor market would make an easy case for interest rate cuts ...

Inflation rose by one-tenth of a percentage point to 2.4% for the year ending in May, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index. Forecasters had ...

Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. have to say about interest rates ...

Paul Tudor Jones on Wednesday said Treasury Secretary Scott Bessent will most likely be President Donald Trump's choice to ...

The Vice President said the Fed refusing to cut interest rates was "monetary malpractice," echoing sentiment voiced by Trump ...

President Donald Trump and Vice President JD Vance are now double-teaming the Fed in an effort to get lower interest rates.

Vice President Vance ripped the Federal Reserve and cited President Trump’s criticism of the central bank after prices rose ...

Consumer prices rose 2.4% over the year in May, slightly higher than the previous month but below economists' expectations.

Economists expect inflation to have jumped slightly in May, registering year-over-year price increases of 2.4%. That would mark an increase from an inflation rate of 2.3% over the year ending in April ...

Trump may replace Jerome Powell with Treasury Secretary Scott Bessent as Fed Chair, aiming to prepare before Powell's term ends in 2026.

A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.