Core U.S. consumer prices rose less than predicted in December, reinforcing hopes that inflation is tempering as the Federal Reserve contemplates its next move on interest rates. Excluding volatile food and energy prices, the consumer price index showed a... See more
A chorus of previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell as the central bank leader faces potential perjury allegations from the Justice Department. "The reported criminal inq... See more
Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell , saying it compromises the central bank's independence. Yellen, who served as Treasury secretary after leaving the Fed , added that she think... See more
President Donald Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell . Sen. Thom Tillis, R-N.C., said Sunday he will block any Trump appointees to the central bank, including for t... See more
The U.S. labor market ended 2025 on a soft note, with job creation in December less than expected, according to a report Friday from the Bureau of Labor Statistics. Nonfarm payrolls rose a seasonally adjusted 50,000 for the month, lower than the downwardl... See more
