Nick Timiraos

Underlying inflation rose more than expected for a second straight month in September, strengthening the case for one more interest-rate increase this year that nearly all Federal Reserve officials penciled in when they voted unanimously to raise rates last month. Core consumer prices, which exclud

Wednesday’s unexpectedly hot inflation report raised the stakes for Federal Reserve Chairman Kevin Warsh’s upcoming appearance at the International Monetary Fund’s meetings in Bangkok, the last scheduled remarks by a Fed official before policymakers go quiet ahead of their Oct. 27-28 meeting. Proba

‘We’re not in that business anymore’ Fed chief says after firm inflation data raised questions about timing of next increase.

Federal Reserve Chairman Kevin Warsh declined to endorse or push back on colleagues' recent signals that officials are in no rush to raise interest

Officials’ calls for patience and the approaching midterms make a surprise rate increase hard to pull off, even after firmer inflation readings.

The Federal Reserve is expected to hold interest rates steady this week for reasons that have as much to do with what Fed officials have said as with what the economy is doing.

The central bank’s chairman wants to stop previewing coming moves. Several colleagues say the Fed still owes the public an explanation of how it will respond to the economy.

Federal Reserve officials are having two debates at once this fall. The first, over how much higher interest rates need to go, gets settled at policy meetings.

Fed policymakers are in an awkward spot. After their Sept. 16 rate increase, senior officials signaled that they needn’t hurry to raise rates again. Then, inflation data came in hot, strengthening the case that maybe a rate hike was needed after all. The last word before the Fed went into its prem

Chairman Kevin Warsh has made a point of saying less. Most of his colleagues haven’t followed his lead. The 16 Fed officials who held the same posts a year ago gave at least 58 speeches, interviews and other public appearances between last month’s meeting and the quiet period ahead of this week’s g