The Consumer Price Index rose 3.0 percent from a year earlier as food and energy prices picked up.

Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.

The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.

Jerome Powell did a fine job at his press conference Wednesday of staying out of the way of politics despite being peppered with questions from reporters practically begging him to weigh in against President Donald Trump's policies.

The post Breitbart Business Digest: Powell Plays Nice with Trump appeared first on Breitbart.

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.