Philadelphia Federal Reserve President Anna Paulson said Tuesday that she thinks the current level of interest rates is sufficient to keep inflation moving towards the central bank's goal. In her first CNBC interview, the policymaker insisted she has an o... See more
A burst in factory activity shows the U.S. economy may be escaping the burden of tariffs and gaining manufacturing jobs, while at the same time laboring under the geopolitical uncertainty that some industry leaders say is worse than the Covid pandemic. In... See more
Pricing data from June indicated that outside of some select items where costs continue to grow, inflation is trending back towards the Federal Reserve's inflation goal. So-called trimmed mean measures, which exclude outliers in both price increases and d... See more
Economic growth was weaker than expected in the second quarter while inflation in June held well above the Federal Reserve's goal, the Commerce Department reported Thursday. Gross domestic product, a broad measure of goods and services, increased just 1.5... See more
The Federal Reserve on Wednesday followed through on expectations for no interest rate change, and Chairman Kevin Warsh offered little direction in his news conference. The meeting was notable for a surge in dissenting votes, while Warsh looked to provide... See more
