Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs.

European Central Bank (ECB) chief economist Philip Lane said the process of bringing inflation back to 2pc is almost over, despite some pockets of elevated price pressures remaining. "While headline ...

President Donald Trump urged House Republicans early Tuesday to give Federal Reserve Chair Jerome Powell a difficult time ...

Policymakers have to make sure the medium-term inflation target is protected in a volatile environment, the ECB’s chief ...

The European Central Bank would react to "material" changes in the euro zone's inflation outlook and ignore "tiny" ones as ...