Powell: Inflation Fight May Cause Recession

Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.

Why Federal Reserve Independence Matters

President Donald Trump has repeatedly attacked the Federal Reserve over interest rate policy and tried to appoint his political allies to its board, but why should you care? Because politicization of the Fed puts the entire U.S. economy at risk.