The Federal Reserve said income inequality fell over the last three years, but the change did little to narrow persistent wealth disparities.

To maintain their lifestyles amid rising prices, consumers are drawing on resources including food banks and ChatGPT.

Federal Reserve Bank of Dallas President Lorie Logan said the central bank must continue raising interest rates to fully cool inflation and suggested that rising Treasury yields may also help slow the economy.

Transport costs are rising amid driver shortages as lithium gets more scarce

Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks, and must respond in a way that may cause economic hardship.

Federal Reserve Bank of Minneapolis President Neel Kashkari said inflation remains too high and that pressures have broadened beyond the oil-price shock of the Iran war.

Federal Reserve Chairman Kevin Warsh has said he thinks policymakers should do a lot less talking. He followed his own advice on Wednesday when he held the shortest press conference on record for a Fed chair speaking after a regularly-scheduled policy meeting.

Odds of a rate increase at next week’s meeting have shot up.

A majority of economists saw the Federal Reserve holding interest rates steady at this month’s meeting and through the end of 2027, even as market odds for a rate hike increased, according to a Bloomberg survey.

At least a third of all Federal Reserve officials have said they would consider meeting less frequently to set interest rates, giving Kevin Warsh an early opening for one of the biggest structural changes he’s proposed as the central bank’s new chairman.

Two Federal Reserve governors met with or attended events hosted by private-sector banking officials in recent months during the central bank’s blackout periods, when such meetings are subject to restrictions.

Federal Reserve Bank of Cleveland President Beth Hammack said it’s time for the US central bank to act to cool inflation.

US economic activity increased modestly in the past two months with demand from data centers, in particular, driving growth, the Federal Reserve said.

The Federal Reserve’s internal watchdog said the central bank should do more to prevent the sharing of confidential nonpublic information with its 12 regional reserve bank boards, which include private-sector bankers and business leaders.

Federal Reserve Chairman Kevin Warsh used his keynote speech in Jackson Hole, Wyoming, last week to map out some of the key data points he leans on to read the US economy, offering new insight into his approach to policy making.

Federal Reserve Chairman Kevin Warsh’s tough message on inflation has set up the central bank’s September policy meeting as a pivotal moment in its mission to tame prices.

Federal Reserve officials continue to send mixed signals on their outlooks for inflation, with some arguing higher interest rates are needed to tame prices while others signaled less urgency.

Federal Reserve Bank of Cleveland President Beth Hammack reiterated that now is the time for officials to act to contain inflation, adding that interest rates are not slowing the economy enough for price pressures to cool on their own.

Two Federal Reserve officials said the central bank’s interest-rate setting is not restraining the US economy at a time when inflation continues to run above its 2% target, urging their peers to act soon to cool price pressures.

Federal Reserve Bank of St. Louis President Alberto Musalem said a selloff in the bond market is being driven by government borrowing and increased demand for financing connected to the build-out of artificial intelligence, not questions of the US central bank’s credibility.