Senior economist Mohamed El-Erian has criticized Federal Reserve Chair Jerome Powell’s use of the word “transitory” to describe the potential inflationary impact of tariffs. What Happened ...

Musalem said it could be appropriate for the Fed to ignore the direct effects of higher tariffs on the price level but at the ...

Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be ...

A fraught word resurfaced in the Federal Reserve’s lexicon again this week: "transitory." It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher ...

Federal Reserve Bank of Chicago President Austan Goolsbee said the inflationary impact from tariffs could be transitory if they were limited in scope. “Imports are only 11% of GDP so one-time ...

The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials ...