Congressional Republicans are ramping up scrutiny of the Federal Reserve, just as the central bank confronts stubborn inflation and broader questions about its role as a bank regulator.

National Economic Council Director Kevin Hassett addressed the impact of DOGE dividend checks through cost cuts.

Republicans, who got elected because of economic woes, claim that Democrats talking about inflation now is an “embarrassing display of fake outrage."

President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to revive domestic manufacturing, tap new revenues and rebalance ties with the biggest US trading partners.

WASHINGTON — President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

Just 1 in 3 people approve of the job President Trump is doing to curb inflation, a survey released Sunday found. Thirty-two percent of respondents in the poll, released Sunday by Reuters and

The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.

A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress WASHINGTON -- U.S. consumers cut back sharply ...

The drop may raise alarms about whether Americans are growing more cautious amid widespread uncertainty about the economic outlook.

On the campaign trail, President Donald Trump vowed repeatedly that he’d bring prices down “starting on Day One” if elected. It’s been a month since he took office and he has yet to deliver.