Federal Reserve Chairman Jerome Powell reiterates the Fed’s commitment to lowering inflation. The Federal Reserve Open Market Committee on Wednesday announced that it would be raising rates by 25 ...

The Fed would likely welcome slower growth, which would help cool inflation. But few economists are sure what the effects ...

Calm the unstable banking sector or keep fighting inflation? The Fed tries for middle ground in rate hike decision.

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

"We have more work to do," Powell says Tuesday to Senate ... The Fed Chair added that getting inflation back down to 2% is likely to be "bumpy" and said the process still has "a long way to ...

Powell said Tuesday. "Although inflation has been moderating in recent months, the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Mr. Powell said in ...

Federal Reserve Chairman Jerome Powell on Tuesday delivered new warnings about inflation and the debt limit. In semiannual testimony before the Senate Banking Committee, Powell signaled that sharper ...

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 ...