Federal Reserve

Austan Goolsbee, the newly named Federal Reserve Bank of Chicago president, has disagreed with the White House on a number of key economic issues.

The Labor Department's November jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.

New York Federal Reserve President John Williams detailed the widespread initiatives that the Fed has taken to combat the U.S.'s sky-high inflation rates.

The Federal Reserve Bank of Chicago has named University of Chicago economics professor and former Obama adviser Austan Goolsbee as its new president.

Inflation could see a "pretty significant" decline next year, but New York Fed President John Williams said interest rates still need to rise further.

A growing number of U.S. employers have announced job cuts this year as they prepare for an increasingly bleak economic outlook amid higher interest rates.

The U.S. manufacturing sector shrank in November for the first time since 2020 as higher interest rates sapped demand for goods, according to an ISM survey.

Inflationary pressures in the economy remain strong, a worrisome sign for the Federal Reserve as it tries to crush runaway prices without triggering a recession.

Treasury Secretary Janet Yellen appeared on "The Late Show with Stephen Colbert" and discussed everything from the economy to cryptocurrencies.

Federal Reserve Chairman Jerome Powell said the central bank could soon approve smaller interest rate hikes, but stressed there is a "long way to go" in cooling inflation.

The Federal Reserve needs to cut interest rates immediately or risk triggering a severe recession, according to Tesla CEO and Twitter chief Elon Musk.

Fox News contributor and economics professor Brian Brenberg weighed in November ADP and why it be a bellwether for a nasty start to the new year.

The Labor Department reported on Tuesday that there were 10.3 million job openings at the end of September, a sign the labor market is starting to soften.

The Federal Reserve said that reaching its target inflation rate of 2% is more important than the pace of rate hikes, signaling that it may begin to slow the pace of future interest rate increases.

Private companies hired just 127,000 workers in November amid growing concerns that the Federal Reserve will trigger a recession with its war on inflation.

Wednesday will have several events that will move markets including a speech by Fed Chairman Jerome Powell, plus the latest update on quarterly growth.

Bank of America analysts said this week the S&P 500 could plunge as much as 24% next year as a result of the Federal Reserve's quantitative tightening.

Mortgage rates that have doubled over the past year are sapping demand from the housing market, which saw prices decline for the third month in September.

New York Federal Reserve President John Williams expects inflation to remain elevated in 2024, signaling that interest rates may remain high for "some time."

Stagflation is the consensus view for the global economy and stock market in 2023, according to a majority of fund managers surveyed by Bank of America.