Federal Reserve Chair Jerome Powell said the Fed will raise interest rates faster than it now plans if needed to stem surging prices.
Federal Reserve Chair Jerome Powell expressed concern that the pandemic recession has had an unusually harmful economic effect on women.
The Federal Reserve will soon begin dialing back the extraordinary economic aid it's provided since the pandemic erupted last year.
With inflation at its highest point in three decades, the Federal Reserve is set this week to begin winding down the extraordinary stimulus it gave during the pandemic recession.
An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under scrutiny.
A second senior Fed official will resign after ethics questions were raised this month over their trading activity in the financial markets.
Several disruptions to the U.S. economy appear likely to endure, a group of business owners and nonprofit executives told Federal Reserve Chair Jerome Powell.
Federal Reserve Chair Jerome Powell said the central bank will overhaul its financial ethics policies amid to growing questions about high-ranking Fed officials' decisions.
The Federal Reserve signaled that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago.
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said.
The Federal Reserve said the U.S. economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies.
Federal Reserve Chair Jerome Powell said inflation “will likely remain elevated in coming months" before “moderating."