Late last year, the Federal Reserve was on the cusp of achieving a so-called soft landing — inflation steadily cooling ...

Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to ...

Washington (CNN) — Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday.

Noting that tariffs could both push up inflation and slow the economy, Federal Reserve Chair Jerome Powell said Friday the central bank will be especially vigilant about keeping inflation in check.

Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the central bank won't move on interest ...