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Powell vows that the Fed is ‘acutely focused’ on bringing down...

Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point...

Fed promises ‘unconditional’ approach to taking down inflation in report to...

US Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point...

Treasury Secretary Janet Yellen says recession isn’t ‘inevitable’

US Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden's proposed 2023 US budget, on Capitol Hill...

Inflation will not fall to 2% target for two years, says...

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the US economy in New York November...

Here’s how recessions became an inevitable part of American economy

The US has experienced at least 30 recessions throughout history, dating back as early as 1857.Some economists argue that they may have become an...

Here’s everything the Fed is expected to announce, including the biggest...

The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a...

Here’s what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on May 4.Text...

How raising interest rates slows inflation

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 4, 2022 in Washington, DC.Win...

Here’s a full recap of the Fed’s 0.75 percentage point rate...

'Soft landing' still on the table, Powell saysFederal Reserve Chair Jerome Powell said it is still possible for the central bank to achieve a...

Fed isn’t focused on impact of rates on stocks, Esther George...

Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and that policymakers are...

Americans worried about the economy before inflation, Fed survey shows

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock...

First-quarter GDP declined 1.5%, worse than thought; jobless claims edge...

A 'We're Hiring!' sign is posted at a Starbucks in Los Angeles, California.Mario Tama | Getty ImagesThe US economic contraction to start...