Inflation surged to 2.7% in June, the highest since February, driven by tariffs on goods like furniture and appliances ...

President Donald Trump and Sen. David McCormick of Pennsylvania plan to announce tens of billions of dollars of energy and tech investments at a new summit focusing on energy and innovation ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that ...

The tariff-driven inflation that economists feared begins to emerge after President Donald Trump's sweeping moves.

If market participants perceive that Fed independence is eroding, moves in financial assets could be wild, some analysts say.

The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove ...

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. "As President Trump said, he's not looking to fire chair Powell," ...

Treasury Secretary Scott Bessent on Tuesday said that the process to pick a new chairman of the Federal Reserve has started, ahead of chair Jerome Powell’s term ending in 2026 and amid growing ...