Inflation-adjusted personal spending rose 0.1% after rising 0.7% a month earlier, Bureau of Economic Analysis data showed Friday. Separate data showed an almost 20% slump in imports, leading to a ...

Notably, Fed Chairman Jerome Powell met with Trump in the White House a day ahead of Friday’s PCE inflation report. The central bank said the two discussed “economic developments including for ...

Federal Reserve Chairman Jerome Powell met with President Trump at ... to the Fed's dual mandate of keeping unemployment and inflation low. At a press conference earlier this month, Powell ...

Consumer prices showed only a mild increase in April, but inflation probably won’t slow much further this year as the effects of the Trump trade wars ripple through the economy. The consumer ...

Federal Reserve Chair Jerome Powell on Thursday said the U.S. economy ... and suggested the central bank has to return to making fighting inflation its No. 1 priority. ”We may be entering ...

The showdown soon made its entrance into the social media space, with users creating memes, posting sarcastic comments, and expressing disbelief about Powell’s comment. One highly sarcastic comment ...