In a press conference following the Federal Reserve's decision to hold interest rates steady on Wednesday, Fed Chair Jerome Powell stated that inflation progress may be delayed as the central bank ...

Powell called tariff-driven inflation as potentially "transitory." He dismissed the University of Michigan inflation report as an "outlier." Markets rallied after Powell’s remarks, with the S&P ...

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 ...

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.

While Powell did not mention the president by name, he told reporters Wednesday that the Fed is bracing for import taxes to impede its fight against inflation. “I do think with the arrival of ...

Federal Reserve Chair Jerome Powell on Friday appeared to back away from a "base case" view that inflation from President Trump's new tariffs could be transitory, saying that "it is also possible ...