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.

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

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

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.

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.

Business are already feeling the brunt of Trump's tariff plans - they're costs are going up and new orders are suffering. Timothy Fiore, chairman of an ISM survey that tracks U.S. manufacturers, said the consumer price index and producer price index are "most likely going to to go up,

Meanwhile, the administration will proceed with tariffs on Mexico and Canada, which economists say will drive up prices for consumers.

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.