Friday's blockbuster jobs report showed why the battle against inflation will "take quite a bit of time," Federal Reserve Chair Jerome Powell said on Tuesday, acknowledging that interest rates may ...

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, ...

But he repeated that further interest rate increases would be necessary to contain inflation. What they're saying: "This process ... is not going to be we think smooth. It's probably going to be bumpy ...

Powell's comments reflect a sharp change ... back down to 2 percent has a long way to go and is likely to be bumpy.” Inflation, as measured year over year, has slowed from its peak in June ...

The Federal Reserve will increase the pace of interest rate hikes if economic data deems it appropriate and its fight to tamp inflation is far from over, Chairman Jerome Powell said.

US inflation is starting to cool but the road ahead will likely be long and bumpy, Federal Reserve Chair Jerome Powell warned Tuesday, adding that stronger-than-expected economic data could bring ...

The Federal Reserve can probably take last month’s bump up in inflation in stride. That doesn’t mean it shouldn’t care about it. The Labor Department on Tuesday reported that overall ...

Business Powell: inflation fight 'probably going to be bumpy' Posted Friday's blockbuster jobs report showed why the battle against inflation will "take quite a bit of time," Federal Reserve Chair ...

the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Powell told senators. Over the last year, the central bank has raised interest rates eight times ...