Section
Economy
The Federal Reserve, inflation data and the monetary policy decisions that reset the cost of money.
Covered by Hannah Lindqvist
July Fed minutes show officials open to further tightening if inflation persists
The Committee held rates at 3.50%–3.75% on a 9-3 vote, with three regional presidents dissenting in favor of a quarter-point increase.
Warsh to deliver first Jackson Hole address with inflation at 3.4%
The Fed chair has stepped back from traditional forward guidance since taking office in May, leaving markets to read a 20-to-30-minute speech for direction on September.