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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The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back low-interest rate policies.

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American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.

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The U.S. economy grew at a somewhat faster pace in April and May despite disruptions that choked supplies to the nation's manufacturers, the Federal Reserve reported Wednesday.

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WASHINGTON — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a ...

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WASHINGTON — Chairman Ben Bernanke said Wednesday that the U.S. economy still needs help from the Federal Reserve’s low interest rate policies. Bernanke told the National Bureau of Economic Research that because unemployment remains high and inflation is below the ...

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WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy “paused” in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future. The Fed took no ...

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