News

Hassett: Inflation Is Lowest It's Been In 4 Years. If The Fed Were Data Driven, They Would Be Lowering Interest Rates
Director of the National Economic Council Kevin Hassett told "Special Report" host Bret Baier he has "high confidence" ...
Powell Says Higher Inflation Outlook Keeping Fed on Hold for Now
Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will ...
Key inflation gauge rose last month while Americans cut back on spending
At the same time, Americans cut back on spending for the first time since January, as overall spending fell 0.1%. Incomes ...
Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones ...
Powell says Fed needs to manage against risk tariff inflation proves persistent
The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more ...
The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s ...
New inflation reading won’t end rate-cut debate between Fed doves and hawks
An escalating debate within the Federal Reserve about the case for interest rate cuts is not going to be settled by a new inflation reading that offered ammunition for both hawks and doves.
Powell: Fed Must Consider Costs of Being Wrong on Inflation
Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President ...
Powell Tells Congress Fed Remains Committed to Fighting Inflation Amid Uncertainty Over the Impact of Tariffs
The Federal Reserve chairman says he still does not know how much of an impact President Donald Trump’s tariffs will have on ...