Rate setters face ‘double danger’ from Iran war and tariffs, Federal Reserve official warns
Chicago Federal Reserve president Austan Goolsbee says public may ‘misinterpret’ price rises as persistent
Chicago Federal Reserve president Austan Goolsbee says public may ‘misinterpret’ price rises as persistent

The surge in oil prices and a softening labour market pose a dilemma for the US central bank

Minutes of March meeting show policymakers debated whether to focus on inflation or jobs market risks

Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts

Traders expect central bank to remain on hold until next summer in blow to Trump’s hopes for lower borrowing costs

Bond giant and Franklin Templeton warn in interviews with FT against cuts in borrowing costs

Central bankers and economists prepare to meet in Washington to assess conflict’s damage