Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy changes only cements that stance.

President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.

The Beige Book for the period to May recorded a slowdown in economic activity, a looser labour market and an outlook that “remains slightly pessimistic and uncertain, unchanged relative to the previous report”. Price increases continued “at a moderate pace” since the previous April report as tariffs put upwards pressure on costs and prices.

St. Louis Federal Reserve President Alberto Musalem has put the likelihood of Donald Trump's trade war causing a prolonged surge in inflation at "50-50," warning that U.S. policymakers would face uncertainty "right through the summer,

The head of the Chicago Federal Reserve says tariffs cast uncertainty over Iowa's economy due to its reliance on agriculture and manufacturing.

The U.S. labor market remained on firm footing in May—even as concerns mounted that higher tariffs would prompt employers to trim their workforce. The 139,000 positions added last month reveal a solid pace of job growth,

Business expect to pass through roughly half of tariff-related expenses to US consumers still reeling from the pandemic-era inflation surge, according to a new survey from the Federal Reserve Bank of Atlanta.

Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning the Federal Reserve's and the European Central Bank's monetary policies are unlikely to diverge for long,