An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under scrutiny.

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A second senior Fed official will resign after ethics questions were raised this month over their trading activity in the financial markets.

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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.

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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.

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The Federal Reserve signaled that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago.

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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.

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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.

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Federal Reserve Chair Jerome Powell said inflation “will likely remain elevated in coming months" before “moderating."

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U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate change poses to America's financial system.

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The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony.

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