Federal Reserve

A long trade war that results in higher, broader tariffs "will be bad for our economy and for other economies too," Federal Reserve Chairman Jerome Powell said at a Senate hearing Tuesday.

Powell, an uncontroversial pick of President Trump, is widely expected to follow the gradual interest rate increase policy of outgoing chief Janet Yellen.

The country's top economist is looking to a Cleveland community college for some insight into the future of American manufacturing employment.Federal…

The vote to nudge benchmark interest rates higher was unanimous, the central bank says. The rate moves from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent.