The Utah senator is joining efforts to dismantle the Federal Reserve, blaming the banking system for rising inflation rates.

The economic consensus of the moment is that higher prices are the same as inflation, and the Fed is the only governmental entity situated to bring down higher prices. It’s a dangerous consensus. Prices are how a market economy organizes itself.

Federal Reserve Bank of Philadelphia President Patrick Harker said risks to the economy are rising as businesses and consumers become more cautious and inflationary pressures build.

A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.

The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well above the Fed’s 2 percent target. On a monthly basis, prices increased 0.3 percent, in line with December’s pace.

The Federal Reserve’s key measure of inflation cooled slightly in January, giving investors a glimmer of hope for interest rate cuts.

With inflation remaining relatively high, businesses must adapt to ongoing cost pressures. Here are strategic ways to inflation-proof your business.

In its January meeting, the Fed held interest rates steady after a series of cuts, citing slower progress on inflation and uncertainty about the effects of the policies of the new presidential administration.

Federal Reserve Bank of St. Louis President Alberto Musalem said that while he anticipates price growth to moderate toward the central bank’s 2% goal, it is vital for policymakers to keep inflation expectations in check.

The Personal Consumption Expenditures Price Index grew at an annualized rate of 4.0 percent in January 2025, up from 3.6 percent in the prior month. Click to read.

Surveys showing a rise in consumer inflation expectations mean the central bank needs to keep its focus on ensuring price pressures are contained.