Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for relief from high interest rates,

Federal Reserve Chair Jerome Powell said the central bank is unlikely to cut rates in the near future as it works towards its goal of 2% inflation. ( Associated Press) Jack Cooper Transport failed to reach a new contract with General Motors and will shutter multiple locations,

U.S. inflation accelerated in January, unwelcome news to markets, companies and consumers hoping for interest rate relief, as unflappable Federal Reserve chief Jerome Powell sat for a second day on Capitol Hill peppered with questions from lawmakers about the Fed's independence,

Kevin Hassett, a key economic adviser to President Donald Trump, said that he will hold regular lunch meetings with Fed Chair Jerome Powell and other central bank policymakers.

Federal Reserve Chair Jerome Powell says the US has made progress toward 2% inflation but isn't quite there yet during a House Financial Services Committee hearing.

Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial progress toward taming inflation, there is still more work to do.

U.S. consumer prices rose faster than expected in January in a sign progress on inflation may remain stalled, data showed on Wednesday, as Federal Reserve Chair Jerome Powell heads to the U.S. Congress for a second day of testimony.

It's hard to say if this is one-time noise or a reflection of a higher inflationary environment. Yesterday’s inflation news from the Consumer Price Index wasn’t what the Federal Reserve and its Chair Jerome Powell wanted to confront.

U.S. inflation climbed to 3% in January, up from 2.9% in December, driven by higher grocery, gas, and rent prices. The increase complicates the Federal Reserve’s plans for interest rate cuts, with Chair Jerome Powell reaffirming a cautious approach.

In testimony about the Federal Reserve’s Semiannual Monetary Policy Report to the Congress, Chair Jerome Powell effectively summarized the more complex report in a few words: there is no immediate need to cut or increase interest rates.

Op-ed views and opinions expressed are solely those of the author. The latest data released by the Bureau of Labor Statistics shows that in January the annual […]

Data isn’t stacking up for a Fed rate cut, multiple regional presidents have hinted, as January’s CPI report makes for “uncomfortable” reading for Powell.