Overall, grocery prices rose 0.3% last month and are up 2.4% from a year earlier. While that is a much smaller annual ...

Treasury Secretary Scott Bessent on Tuesday said that the process to pick a new chairman of the Federal Reserve has started, ahead of chair Jerome Powell’s term ending in 2026 and amid growing ...

Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure ...

Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him ...

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several ...

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor." ...

Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

Inflation surged to 2.7% in June, the highest since February, driven by tariffs on goods like furniture and appliances ...

Latest news and live updates as Trump announces the U.S. will send Patriot missiles to Ukraine and meets with NATO's ...