WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a disappointment for families and businesses struggling with higher costs and likely ...

Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy.

Federal Reserve Chair Jerome Powell says policymakers thought inflation was transitory in 2021 and that's why they didn't raise interest rates. Powell says statements from political leaders don't ...

Federal Reserve Chair Jerome Powell appeared before the House Financial Services Committee after an inflation report showed consumer prices rose more than expected. Follow along for live updates on ...

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the ...

A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and ...

Federal Reserve Chair Jerome Powell, appearing for a second day of testimony before Congress, said central bank officials remain in a wait-and-see mode when it comes to deciding where interest rates ...

Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial ...

The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.