The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher ...

Fed Chair Jerome Powell and President Trump met Thursday to discuss economic growth, employment and inflation.

Federal Reserve Chairman Jerome Powell speaks after the Federal Open Market Committee meeting on May 7, 2025. Jacquelyn Martin/AP Photos "Stagflation" is an uncommon but severe economic condition ...