Howard Schneider

The artificial intelligence buildout is on track to require a larger share of ​US output than the rollout of electricity, railroads, interstate highways or the internet, with an increasingly complicated financial structure that poses ‌potentially systemic risks, according to a new study.

US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so without damaging the job market if businesses come to anticipate falling inflation as a reason to ​raise prices less.

As a lifelong real estate investor whose businesses relied on debt and interest rates, President Donald Trump might be expected to know better: The 1% rate he keeps demanding from ​the US Federal Reserve is impractical and would likely backfire, according to analysts.

US economic conditions "are, if anything, firming," with continued consumer spending and strength beyond the boom in artificial ​intelligence keeping the Federal Reserve's focus on inflation, Richmond Fed ‌President Tom Barkin said on Tuesday.

Suggestions that the Federal Reserve could lower borrowing costs to help the US government finance ​its current debt and deficits are the very reason ‌the central bank needs to be independent in setting monetary policy, Chicago Fed President Austan Goolsbee said on Monday.

Fed Chairman Kevin Warsh faces a squeeze: risk presidential ire by tightening monetary policy or skip it and risk a ‌hit to credibility after his own recent hawkish rhetoric.

After opening the door to higher interest rates last week, U.S. Federal Reserve Chairman Kevin Warsh has to decide how to follow through with actions the public and investors will see as both consistent with his own words and independent of President Donald Trump's wishes.

Europe's central bankers are leaving an annual getaway with their U.S. counterparts far from reassured that long-standing norms in global cooperation remain intact and worried that more turmoil is ahead for an already testy relationship with Washington, ​sources familiar with the discussion said.

The U.S. central bank will "have work to do" if policymakers don't get the confidence they need that inflation is heading down to 2%, Federal Reserve Chairman Kevin Warsh said on Friday.

The latest U.S. inflation report was "mixed," with the headline rate stronger than expected ‌but driven higher by a patchwork of forces that on their own shouldn't push the U.S. central bank towards raising interest rates, Boston Federal Reserve President Susan Collins said on Thursday.