Economists warn that enacting tariffs at a time of persisting price pressures is a risky move.

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

President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

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.

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.