Fed Chair Jerome Powell said inflation is unlikely to make further progress this year due in part to Trump's tariffs. He added that the Fed's inflation forecast is rising primarily due to ...

US President Donald Trump renewed his clash with Federal Reserve Chair Jerome Powell after new data showed hiring slowed last ...

Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor ...

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. “We face a highly uncertain ...

In written remarks delivered in Arlington, Virginia, Powell said that the tariffs and their impacts on the economy and inflation are "significantly larger than expected." He also said that the ...

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 ...

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 ...