Five years of high inflation is testing the patience of Federal Reserve officials and showcasing a split between those willing to wait before hiking interest rates and those who say time is running out.

Federal Reserve Bank of Philadelphia President Anna Paulson said she will keep an open mind about the path for interest rates, focusing on the trends of underlying inflation.

Federal Reserve Bank of New York President John Williams said interest rates remain well positioned as inflation should ease during the second half of the year.

Federal Reserve Bank of New York President John Williams said interest rates remain well positioned as inflation should ease during the second half of the year.

Kevin Warsh’s bare-bones communication style has left investors doubting his commitment to curb inflation, putting more pressure on the new Federal Reserve chairman to back up his words with interest-rate hikes.

Kevin Warsh’s bare-bones communication style has left investors doubting his commitment to curb inflation, putting more pressure on the new Federal Reserve chairman to back up his words with interest-rate hikes.

Federal Reserve officials will head into their policy meeting this week confronting a resurgence in price pressures that could make their decision on whether to hold or hike interest rates a close call — and a contentious one.

Federal Reserve Bank of Dallas President Lorie Logan called for higher interest rates, saying inflation does not appear to be heading sustainably back to the central bank’s 2% target.

US economic activity increased at a slight to moderate pace in recent weeks as most regions experienced little to no change in employment levels, the Federal Reserve said.

Federal Reserve Bank of New York President John Williams said interest rates are “well positioned” even as demand driven by artificial intelligence puts upward pressure on inflation.

Federal Reserve Governor Christopher Waller said policymakers may need to raise rates in the near term if underlying inflation continues to signal broad price pressures.

In his zeal to avoid signaling where interest rates are headed, Federal Reserve Chairman Kevin Warsh has obscured something else that’s crucial to investors, analysts and other policymakers: How he would react when challenged by the economy.

Federal Reserve policymakers again vowed to deliver price stability even as inflation remains well above the central bank’s 2% target, making the pledge in the central bank’s semiannual Monetary Policy Report to Congress that was released Friday in Washington.

Federal Reserve Bank of New York President John Williams said that among the drivers of inflation in the US, he’s most focused on demand driven by artificial intelligence. And if that demand persists, it could force the central bank to raise interest rates.

Federal Reserve Bank of New York President John Williams said that among the drivers of inflation in the US, he’s most focused on demand driven by artificial intelligence. And if that demand persists, it could force the central bank to raise interest rates.

Americans’ expectations for inflation over the near and medium term rose in June amid strong increases anticipated for medical care costs and rent, according to a Federal Reserve Bank of New York survey released Tuesday.

Federal Reserve Bank of New York President John Williams said he expects falling energy prices to drive a drop in overall inflation over the next few months, while reiterating the central bank’s policy is in a good place for now.

Federal Reserve Bank of New York President John Williams said interest rates are well positioned to bring inflation back toward the central bank’s target.

Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, many from former colleagues and market players who had a front-row seat during his 18-year tenure atop the US central bank.

Federal Reserve Chairman Kevin Warsh put his stamp on the US central bank Wednesday with a bevy of changes coming out of his first policy meeting, setting the stage for the wider overhaul of the institution he promised before he took the helm.