A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of ...

The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, reversing course as the Iran war drives ...

Chicago Fed President Austan Goolsbee (nonvoter) said that strong demand could also be driving inflation and that the Fed's job of lower the pace of price growth back down to the 2% goal may ...

Oaktree Capital co-chair Howard Marks is backing Federal Reserve Chair Kevin Warsh's push for a less talkative central bank, arguing that markets have become too dependent on policy guidance. His ...