Fed Chairman Jerome Powell said his base case is that any tariff-driven bump in inflation will be “transitory.” ...

(Bloomberg) -- The Federal Reserve said it will start shrinking its balance sheet at a slower pace starting next month, reducing the amount of bond holdings it lets roll off every month.

Normally the Federal Reserve makes a profit from its balance sheet, but with higher interest rates it is now in the red. WSJ explains how the Federal Reserve makes money, what it does with it ...