Jerome Powell

The Federal Reserve is hoping to achieve the rarest of economic feats as it moves into full inflation-fighting mode: cooling consumer demand enough so that prices stop rising, without crushing it so much that it throws the country into a recession.

A key measure of annual inflation that is closely watched by the Federal Reserve is running at the hottest pace in nearly four decades.

Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.

Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.

The "true magnitude" of inflation may not be reflected in the economic data being reported said Musk.

Wall Street is betting the Federal Reserve will raise interest rates at the steepest pace in over two decades as policymakers look to tame red-hot inflation.

Federal Reserve Chairman Jerome Powell said Thursday that central bank officials could raise interest rates by 50-basis points in May and subsequent months as they seek to tame the hottest inflation in four decades.

Inflation rose in March at the fastest pace in 1981, ratcheting up pressure on the Federal Reserve to move even more aggressively to tame soaring consumer prices.

Inflation accelerated in March to a new four-decade high as the Russian war in Ukraine fueled rapid price gains for oil and gas that wiped out the benefits of rising wages for most Americans.

Most Federal Reserve officials agreed last month that surging inflation and a tight labor market could warrant a half-point interest rate hike as policymakers look to combat soaring prices.

The March jobs report revealed another month of robust hiring, likely solidifying the case for the Federal Reserve to pivot toward a mega-sized interest rate hike as it seeks to cool red-hot inflation.

Former Chase chief economist Anthony Chan discusses the probability of a recession in 2022.

Inflation is the worst it has been in four decades, with the price of everyday necessities like food, gasoline and cars surging in recent months.

FOX Business host Larry Kudlow weighs in on the cause of record-high inflation on 'Kudlow.'

Federal Reserve Chairman Jerome Powell said Monday the central bank is prepared to more aggressively raise interest rates if policymakers conclude that doing so is warranted to curb inflation.

Federal Reserve Governor Christopher Waller said Friday the U.S. central bank should consider enacting a half-point interest rate hike at some point this year and begin unwinding the balance sheet by July in order to combat "raging" inflation.

Federal Reserve Chair Jerome Powell said recent holdups at the Fed don't impact the ability to fight inflation — which is not what the White House has said.

The Federal Reserve on Wednesday announced it will raise rates for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place two years ago to prop up the economy through the COVID-19 pandemic.

The U.S. Senate Banking Committee plans to hold a meeting Wednesday to vote on advancing four nominees for the Federal Reserve, including the renomination of Chairman Jerome Powell.

The Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers look to cool red-hot inflation, a move that comes at a precarious time for the U.S. economy as it confronts a continuing pandemic and a war in Europe.