Inflation happens when prices rise and purchasing power falls, while deflation occurs when prices drop and purchasing power increases. Both can strain an economy if they move too far in either ...

Two top Federal Reserve officials who voted against cutting U.S. interest rates this week said inflation remains too high and the central bank should have waited for more evidence that price increases ...

The Fed could have waited for delayed economic reports on inflation and employment, Goolsbee says Top officials at the Federal Reserve are not in agreement about how to help the economy. Two top ...