John Williams, the president of the Federal Reserve Bank of New York, also spoke about the gold vault underneath the building and Federal Reserve Chairman Jerome Powell's taste in music, including the Grateful Dead.

The Utah senator is joining efforts to dismantle the Federal Reserve, blaming the banking system for rising inflation rates.

The Federal Reserve's preferred inflation gauge, core PCE, is expected to show further progress in heading toward the central bank's 2% target. The Labor Department's January Personal Income and Outlays report will be released on Friday at 8:30 AM.

Four consecutive months of rising inflation and other factors have led the Federal Reserve to pause interest rate cuts for the time being, which has led to CD rates staying steady. In this environment,

Federal Reserve Bank of Cleveland President Beth Hammack says the Fed should continue to be cautious with further interest-rate cuts amid slower recent progress getting inflation back to the central bank’s 2% target.

Philadelphia Federal Reserve Bank President Patrick Harker on Thursday expressed support for continuing to hold short-term U.S. borrowing costs in their current range of 4.25%-4.50%, a level he believes will help get inflation back down to the Fed's 2% target but isn't hurting the job market or the economy more generally.

Navigate February's market volatility with expert insights on inflation, Federal Reserve policies, and global trade impacts.

Scrutiny of the Federal Reserve is intensifying this week in Washington, D.C., as a new congressional panel gathers to discuss whether the central bank should focus more exclusively on fighting inflation.

The scope of reports indicating a resurgence in price pressures — spanning from input costs to wage growth to inflation expectations — underscores the Federal Reserve’s intent to keep interest rates on hold for the time being.

Federal Reserve Bank of New York President John Williams says he anticipates tariffs will contribute to inflation, but emphasized there is a lot of uncertainty about how the economy will respond to President Donald Trump’s levies,