Prices are now projected to rise faster than expected at least in part and perhaps largely due to Trump's plans to levy duties on imports from U.S. trading partners, Fed Chair Powell said.

A little-noticed Trump administration move will decrease the minimum wage for federal contractors, rolling back a boost that helped hundreds of thousands of workers. Why it matters: Trump's promises to both help American workers and cut costs are clashing in complicated ways.

After largely staying out of the Fed's business for his first two months in office, President Donald Trump is encouraging the central bank to cut interest rates as a backstop for his tariff plans. Lower rates,