In his May 2025 quarterly announcement, Federal Reserve (Fed) chair Jerome Powell warned of the rising risk of stagflation, a dreaded combination of high inflation and unemployment. Mainstream ...

Monetary policy is the process by which central banks keep inflation in check, and is defined as either expansionary or contractionary.

Federal Reserve Governor Christopher Waller said on Thursday (Jul 17) he continues to believe the US central bank should cut ...

Central banks' fight against inflation may take another two years to play out, increasing unemployment and lowering living standards for many in the world, the International Monetary Fund's chief ...