Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, ...

Federal Reserve Chairman Jerome Powell on Tuesday delivered new warnings about inflation and the debt limit. In semiannual testimony before the Senate Banking Committee, Powell signaled that sharper ...

The head of the Federal Reserve faced questions from a Senate committee Tuesday about the state of the U.S. economy and the plan to tackle inflation.

"We have more work to do," Powell says Tuesday to Senate ... The Fed Chair added that getting inflation back down to 2% is likely to be "bumpy" and said the process still has "a long way to ...

the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Powell told senators. Over the last year, the central bank has raised interest rates eight times ...