It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher inflation stemming from President Trump's tariffs will be "transitory" — reviving memories of ...

At Wednesday afternoon’s press conference following the two-day conclave of the FOMC, Fed chair Powell repeatedly invoked two ...

The Federal Reserve provided a bit of a balm to Wall Street's pain this week. Market participants roiled by U.S. President ...

Yellen added that both she and Federal Reserve Chair Jerome Powell both “probably could have used a better term than transitory” in describing inflation that they thought would fade quickly.

“We’re seeing some inflation but I don’t believe it’s permanent, ” Yellen said at a press conference after the G-7 finance meeting in London.

given the Fed has had to keep rates higher for longer precisely because the post-pandemic inflation surge wasn't as transitory as Powell and then-Treasury Secretary Janet Yellen had claimed.

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 inflation ...

Jerome Powell, the Fed chair, made headlines when he said that the inflation impact from tariffs would be transitory - a word whose use came back to haunt then-Treasury Secretary Janet Yellen, who ...