In a wide-ranging interview with Yahoo Finance Federal Reserve Reporter Jennifer Schonberger, Chicago Fed President Austan Goolsbee discusses how tariffs impact his outlook for inflation and what he wants to see from the US economy in order to cut rates.

Fed Governor Christopher Waller backs a rate cut to 3%, citing easing inflation and labor risks—revealing internal Fed tensions ahead of a key policy meeting.

The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.

The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.

Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead. Speaking at a housing conference in Washington,

Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher.

New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump and his economic team launched fresh criticism of Powell over his approach.

Until our central bank changes the way it operates, fights between the Fed and the White House will ever be with us.

Ben S. Bernanke was chair of the Federal Reserve from 2006 to 2014, appointed by President George W. Bush. Janet L. Yellen followed him as chair, appointed by President Barack Obama, and served until 2018. She was also Treasury secretary during the Biden administration. Both are economists.