Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday he is optimistic about the economic outlook and expects inflation to wane, but it is unclear by how much. “My outlook for the U.

The large price increases for necessities such as groceries, rent, and health care have left many American households feeling squeezed.

Austan Goolsbee, president of the Chicago Federal Reserve Bank, speaks with NPR's A Martinez about the latest inflation numbers and President Trump's attack on Fed Chair Jerome Powell.

The final Consumer Price Index report of 2025 caps off a year in which inflation gradually eased but remained uneven across the economy.

Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.

Inflation is still stubbornly above the Federal Reserve’s 2% target, as shown by the consumer price index for December, which was released by the Bureau of Labor Statistics on Tuesday morning. Overall inflation was up 0.3% from November to December; it rose 2.7% from the same time last year.

Chair professor of economics Dr. Richard Gearhart discussed the inflation report and the indictment threat against the Federal Reserve’s Chair Jerome Powell. Powell is calling the DOJ’s investigation into him ‘political pressure’ and ‘intimidation’ because he predicts president Trump will be unhappy with interest rates that are “based on evidence and economic