The large price increases for necessities such as groceries, rent, and health care have left many American households feeling squeezed.

Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday he is optimistic about the economic outlook and expects inflation to wane, but it is unclear by how much. “My outlook for the U.

President Donald Trump said December inflation data supports his calls for Federal Reserve Chair Jerome Powell to cut interest rates after CPI showed 2.7% annual price growth.

The final Consumer Price Index report of 2025 caps off a year in which inflation gradually eased but remained uneven across the economy.

Inflation is still stubbornly above the Federal Reserve’s 2% target, as shown by the consumer price index for December, which was released by the Bureau of Labor Statistics on Tuesday morning. Overall inflation was up 0.3% from November to December; it rose 2.7% from the same time last year.

JPMorgan CEO Jamie Dimon warns Justice Department subpoenas against the Federal Reserve could raise inflation expectations and undermine independence.

Chair professor of economics Dr. Richard Gearhart discussed the inflation report and the indictment threat against the Federal Reserve’s Chair Jerome Powell. Powell is calling the DOJ’s investigation into him ‘political pressure’ and ‘intimidation’ because he predicts president Trump will be unhappy with interest rates that are “based on evidence and economic