Jennifer Schonberger

The Federal Reserve's preferred gauge showed inflation heated up in April, as the conflict in the Middle East pushed oil prices higher.

Jennifer Schonberger · Senior Reporter 4 min read

Federal Reserve governor Michelle Bowman said in a speech Friday that she still thinks the impact of the Iran war on inflation will be temporary.

Treasury Secretary Scott Bessent said Friday that newly installed Federal Reserve Chair Kevin Warsh is under no pressure to cut interest rates.

As inflation reaches its highest level in three years and the war in Iran crosses the three-month mark, Federal Reserve officials are carefully

The Federal Reserve's preferred inflation gauge showed prices continued rising in April, as the conflict in the Middle East pushed oil prices higher. The report reinforces that interest rates will remain on hold.

Cleveland Fed president Beth Hammack warned Tuesday that it may soon be time to raise interest rates because of concerns that rising prices could get entrenched.

New York Federal Reserve President John Williams said Wednesday that he doesn't see longer-lasting inflation from the Iran War right now and that interest rates are in the “right place” now.

Higher-income households are weathering higher inflation better than middle- and lower-income Americans, underscoring the prevalence of the so-called

A stronger-than-expected jobs report — for the third month in a row — shifts Federal Reserve officials' full attention to inflation and keeps the