Critics warn that the tariffs will drive up consumer prices and fuel inflation. In theory, the Fed should respond only to demand shocks, unexpected events affecting the demand for goods and services.

“A tariff is like a negative supply shock. That’s a stagflationary shock, which is to say it makes both sides of the Fed’s dual mandate worse at the same time,” Goolsbee said Thursday at ...

Hammack, who spent three decades at Goldman Sachs Group Inc. before joining the Cleveland Fed last year, said her vantage point as a policymaker is different from the one she had on Wall Street.

If that was a relief to markets — major indexes rose 6% or more and investors cut the expected number of Fed rate cuts this year to 3 from 4 — it highlighted the very uncertainty the minutes ...

President Trump said in a social media post that he had authorized a 90-day pause on certain tariffs to most countries. Photo: Saul Loeb/AFP/Getty Images Federal Reserve officials highlighted the ...

The minutes of the U.S. central bank’s mid-March meeting, released on Wednesday, showed that Fed officials already felt they were operating in a thickening cloud of uncertainty that had the ...

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These will help clarify if and when the Fed might cut interest rates. Right now, there’s a 60% chance of a rate cut in May, but most traders expect the first cut to happen in July. Overall ...

Federal Reserve Chair Jerome Powell said recently that the U.S. economy will likely face a period of higher prices and weaker growth owing to President Trump’s new tariffs. Photo: Tierney L.

If that was a relief to markets -- major indexes rose 6% or more and investors cut the expected number of Fed rate cuts this year to 3 from 4 -- it highlighted the very uncertainty the minutes cited.

Viewers can be seen ripping off their shirts or throwing hats, sunglasses ... there are memes about employees who are likely fed up. People are also taking the opportunity to dress up as or ...

A growing number of Canadians are grounding their travel south of the border as the realities of a trade war set in, forcing airports and airlines to adapt just as quickly. This was an “easy ...