Cuts to the Bureau of Labor Statistics could be clouding jobs and inflation data, complicating the Fed's data-driven rate policymaking.

U.S. Federal Reserve Chair Jerome Powell echoed recent sentiments to a congressional panel following the central bank's decision to maintain its key interest rate despite public pressure from the White House.

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Do