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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, May 3, 2023, following the Federal Open Market Committee meeting. (AP Photo/Carolyn Kaster)

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Hike again? Take a pause? Fed officials are split about what to do next to fight inflation
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,05/18/23-8:51AM , 267 Reads
WASHINGTON (AP) — The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unle
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Philip Jefferson, nominee to be a member of the Federal Reserve Board of Governors, testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Thursday, Feb. 3, 2022, in Washington. On Friday, May 12, 2023, Federal Reserve Governor Philip Jefferson says inflation remains too high and there has been “little progress” made toward bringing it down to the central bank’s 2% target. (Ken Cedeno/Pool Photo via AP, File)

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Little progress has been made in curbing too high inflation, Fed's Jefferson says
By CHRISTOPHER RUGABER - AP Economics Writer
Fri,05/12/23-7:17PM , 336 Reads
WASHINGTON (AP) — Federal Reserve governor Philip Jefferson said Friday that inflation remains too high and there has been “little progress” made toward bringing it down to the central bank's 2% target, a pessimistic assessment given signs
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Clearance sale signs are displayed at a retail store in Downers Grove, Ill., Wednesday, April 26, 2023. On Wednesday, the Labor Department reports on U.S. consumer prices for April. (AP Photo/Nam Y. Huh)

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US prices stay high, showing inflation pressures persist
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,05/09/23-5:43PM , 249 Reads
WASHINGTON (AP) — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy.
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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, May 3, 2023, following the Federal Open Market Committee meeting. (AP Photo/Carolyn Kaster)

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Fed raises key rate but hints it may pause amid bank turmoil
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,05/02/23-10:17PM , 388 Reads
WASHINGTON (AP) — The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
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