Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.

President Donald Trump’s turbulent trade war could put the Federal Reserve in a difficult situation it hasn’t seen in about half a century, Chair Jerome Powell said Wednesday.

Trump tariffs accelerate Nissan's plan to manufacture more cars in the U.S. Follow along for live updates on the Dow, S&P 500 ...

President Donald Trump announced a 90-day pause and "substantially" lower reciprocal tariffs on all countries aside from ...

The odds favor the country going into a recession this year, economist Larry Summers told Arizona real estate lenders at an ...

Federal Reserve Chair Jerome Powell is set to give remarks Friday morning on the state of the economy, just days after ...

Powell's description of an economy that "seems to be healthy" came after the Fed lowered its Gross Domestic Product (GDP) projection for 2025 to 1.7% in its latest Summary of Economic Projections (SEP ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS ...

The Federal Open Market Committee meeting started Tuesday and will culminate with a written policy statement and press conference Wednesday—but don't expect much clarity on where interest rates are ...

The latest round of U.S. trade tariffs will sap yet more vigour from a world economy barely recovered from the post-pandemic ...

(Ting Shen/Bloomberg via Getty Images / Getty Images) In addition to announcing its decision on interest rates, the FOMC released a summary of economic projections that showed central bank ...