Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”

Federal Reserve Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow economic growth, while noting that key indicators "still show a solid economy.

Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,

The Trump administration’s 10% global tariff will take effect at 12:01 a.m. on Saturday, subjecting every nation and the vast majority of imported products to new duties. The 10% tariff will apply to all nations,

President Donald Trump personally selected a widely criticized formula that his administration used to impose sweeping tariffs on 185 countries this week, The Washington Post reported Friday, citing two sources who requested anonymity to discuss internal deliberations.

Trump’s “Liberation Day” moves saw the introduction of a 10% tariff on all imported goods, and additional import taxes—of varying degrees—placed on 60 other countries.The U.S. and global markets have already started to feel the impact of Trump’s tariffs,

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars. The tariffs hit allies and rivals alike.

President Donald Trump's new 25% tariff on all cars and light-duty trucks takes effect in the U.S. on April 3. Here are frequently asked questions.

President Trump on Wednesday announced major tariffs, including a 10% baseline tariff for all U.S. trading partners. CBS News reports on what Mr. Trump referred to as "Liberation Day."

President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession.

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."