JEANNA SMIALEK

The Federal Reserve is combating the fastest price increases in four decades and is trying to cool the economy before high inflation becomes embedded.

Federal Reserve officials took a while to recognize that inflation was lasting. The question is whether they can tame it gently now.

Mr. Barr faced pushback from progressives when his name was floated for a different position.

Gasoline weighed heavily in the increases, while prices moderated in several categories. Some economists say the overall rate may have peaked.

Economists are betting that supply chains for all kinds of goods will heal, shortages will ease and price gains will slow. Cars are a wild…

When old rules of global commerce no longer seem to apply, masters of esoteric data — ocean shipping container times, anyone? — are thrust into…

The administration is in a tight spot as fast inflation makes households unhappy. Trying to offset price pain can risk stoking demand.

Federal Reserve officials had said that the pace of pay gains would not be consistent with stable inflation if sustained.

Prices climbed at the fastest pace in four decades over the past year. While economists expect a slowdown, it has yet to materialize.