The president's budget proposal sits with the Senate, but whether it'll listen to the CBO's findings remains to be seen.

St. Louis Federal Reserve President Alberto Musalem has put the likelihood of Donald Trump's trade war causing a prolonged surge in inflation at "50-50," warning that U.S. policymakers would face uncertainty "right through the summer,

President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.

The U.S. labor market remained on firm footing in May—even as concerns mounted that higher tariffs would prompt employers to trim their workforce. The 139,000 positions added last month reveal a solid pace of job growth,

Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy changes only cements that stance.

The head of the Chicago Federal Reserve says tariffs cast uncertainty over Iowa's economy due to its reliance on agriculture and manufacturing.

Federal Reserve Governor Adriana Kugler said larger price increases related to President Donald Trump’s tariffs are likely, and that she supports holding interest rates steady if upside risks to inflation linger.

Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning the Federal Reserve's and the European Central Bank's monetary policies are unlikely to diverge for long,