Jerome Powell

The Fed may need to raise interest rates more than previously expected amid signs that inflationary pressures in the economy remain abnormally strong.

Republicans on the Senate Banking Committee are expected to grill Federal Reserve Chair Jerome Powell in a Tuesday hearing on Capitol Hill.

The Fed said in its semi-annual monetary report to Congress that additional interest rate hikes are necessary with inflation remaining abnormally high.

The Fed said in its semi-annual monetary report to Congress that additional interest rate hikes are necessary with inflation remaining abnormally high.

The U.S. economy will likely tumble into a recession this year as a result of the Fed's aggressive war against high inflation, according to new research.

Inflation remains uncomfortably rapid, although it has cooled slightly from a peak notched in mid-2022, according to the PCE index released Friday.

Federal Reserve policymakers should approve a steeper interest rate hike at their next meeting in order to get inflation under control, James Bullard said.

Minutes from the Federal Reserve's January meeting show that officials expect to continue raising rates in 2023 – and keep them elevated for "some time."

A surprisingly hot inflation report this week has boosted the odds the Federal Reserve raises interest rates by 50 basis points at its meeting in March.

The latest inflation data has Goldman Sachs expecting three more interest rate hikes from the Federal Reserve of 25 basis points each this year.

Inflation at the wholesale level rose faster than expected in January as stubbornly high producer prices persist, the Labor Department said Thursday.

The latest read on consumer prices showed a mixed bag presenting more challenges for Federal Reserve Chair Jerome Powell as the central bank looks to combat high inflation.

The Federal Reserve may be forced to raise interest rates higher than expected if high inflation persists, according to JPMorgan Chase CEO Jamie Dimon.

The stronger-than-expected January jobs report has prompted some Federal Reserve officials to say that interest rates may need to go higher than projected.

Additional interest rate hikes are on the table in coming months as U.S. inflation is still too high, according to Federal Reserve Chairman Jerome Powell.

Another inflation spike could take hold in the U.S. economy as a result of China reopening its economy from COVID-19 lockdowns, according to one analyst.

The Federal Reserve on Wednesday enacted its eighth consecutive interest rate hike as it attempts to cool inflation without triggering an economic recession.

Evidence that inflation is slowing will likely allow the Fed to shrink the size of its interest rate increases at the end of its meeting on Wednesday.

High inflation has shown early signs of moderating, giving the Fed the space to slow its interest rate increases, according to vice chair Lael Brainard.

The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing "mild symptoms."