The US Federal Reserve is prepared to heap more pressure on the world’s largest economy by returning to steep interest rate ...

Federal Reserve Chairman Jerome Powell on Tuesday delivered new warnings about inflation and the debt limit. In semiannual testimony before the Senate Banking Committee, Powell signaled that sharper ...

The head of the Federal Reserve faced questions from a Senate committee Tuesday about the state of the U.S. economy and the plan to tackle inflation.

"We have more work to do," Powell says Tuesday to Senate ... The Fed Chair added that getting inflation back down to 2% is likely to be "bumpy" and said the process still has "a long way to ...

"Although inflation has been moderating in recent months, the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Powell told senators. Over the last year, ...

the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Powell told senators. Over the last year, the central bank has raised interest rates eight times ...