Jerome Powell

Here are the key events taking place on Wednesday that could impact trading including the release of the minutes from the Fed's most recent meeting and reports on jobs openings and the service sector.

Federal Reserve Chair Jerome Powell said Wednesday there is "no guarantee" the central bank will be able to tackle inflation without sacrificing jobs.

Historic inflation is not mainly a result of Russia's war in Ukraine, and the Federal Reserve's interest rate hikes may cause a recession.

A former Obama economist warned the U.S. economy could experience a return to 1970s-style stagflation as the Federal Reserve combats inflation with rate hikes.

The Federal Reserve's battle on inflation could cause the unemployment rate to rise as Americans lose their jobs, Chairman Jerome Powell told Congress on Thursday.

Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.

Federal Reserve Chairman Jerome Powell said on Wednesday that policymakers are committed to tackling inflation and will hike rates until consumer prices start to fall.

Republicans and Democrats on Capitol Hill are expected to skewer Federal Reserve Chairman Jerome Powell this week over the hottest inflation in four decades.

The Federal Reserve's massive rate hike this week has fueled speculation on Wall Street that the U.S. economy is headed for a recession soon as inflation roars.

The Federal Reserve is focused on tackling inflation and bringing consumer prices closer in line with the central bank's 2% target, Chairman Jerome Powell said on Friday.

A closely watched Federal Reserve tool showed economic growth in the second quarter may have stalled, raising the possibility that the economy is already in a recession.

The Federal Reserve may consider another super-sized, 75-basis point rate hike in July as the central bank races to catch up with inflation, Chairman Jerome Powell said Wednesday.

The Federal Reserve on Wednesday approved the largest interest rate hike since 1994 as officials try to tame runaway inflation, which surged to another 40-year high in May.

Jeffrey Gundlach called on the Federal Reserve to raise interest rates faster than markets anticipate in order to cool the hottest inflation in four decades.

The Fed is under mounting pressure to cool inflation with more aggressive interest rate hikes after consumer prices accelerated faster than expected last week.

The producer price index, which measures inflation at the wholesale level before it reaches consumers, accelerated again in May, the Labor Department said on Tuesday.

Odds on Wall Street are growing that the Federal Reserve will inadvertently trigger an economic recession as it moves to cool sizzling-hot inflation with a series of rate hikes.

Hotter-than-expected inflation could force the Federal Reserve to take a drastic step next month with a 100-basis point interest rate hike, according to Wall Street traders.

The New York Federal Reserve said Monday that Americans ramped up their inflation expectations in May, creating new challenges for the U.S. central bank as it tries to cool prices.

The Federal Reserve may lift interest rates by 75-basis points in June or July following the hotter-than-expected inflation report released on Friday as it seeks to cool prices.