Fed Chair Jerome Powell walks with Kazuo Ueda, Christine Lagarde and Andrew Bailey during a break at the annual Jackson Hole Economic Policy Symposium outside Jackson Lake Lodge on Friday, Aug. 22. | Amber Baesler/AP Photo

The central bank retired a previous strategy and on Friday unveiled a new approach that updates how inflation and employment are balanced.

Federal Reserve Chair Jerome Powell warned that the tariffs unleashed by U.S. President Donald Trump are pushing consumer prices higher and would continue to do so over the coming months.

Harvard economist Kenneth Rogoff has admitted he got bitcoin and crypto wrong ten years ago, warning a coming dollar “crisis" could propel crypto

FOMC opted to leave its target range unchanged at 4.25%–4.50%, fresh details from the July meeting shed light on why policymakers are growing uneasy.

St. Louis Fed President Alberto Musalem said on Friday he will need more data before deciding to support a rate cut at the Fed's September 16-17 meeting given that inflation is above the Fed's 2% target and is expected to move higher,

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