One economist told Newsweek that companies may be wary of "consumer backlash" if they hike prices to mitigate the tariffs' ...

Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent ...

Chairman Paul Volcker testifies before Congress during his second confirmation hearing for the Federal Reserve. How does Senator Frank Lautenberg (D-NJ) characterize the deficit condition at the time ...

Consumers face an average effective tariff rate of 20.6% and a 2.1% short-run increase in prices, the Yale Budget Lab said.

Over the last decade, prices have generally increased at a rate of 3.5% per year. Over the last 20 years, consumer inflation has typically risen by 3.3% annually. The Federal Reserve, however, has ...