The Federal Reserve will meet later this month to make a decision on interest rates. But the latest inflation report is likely to make the central bank cautious about additional rate cuts.

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.

China's trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald Trump's onslaught of higher tariffs.

President Trump has been trying to bully the Federal Reserve into cutting interest rates. It's a gambit that could lead to more inflation.

Inflation didn't get worse in December. But it didn't get better. Prices were up 2.7% a year ago. A drop in gasoline prices was more than offset by rising grocery and electricity bills.

The Trump administration is putting mounting pressure on the Federal Reserve to lower interest rates.

On Monday, gold value hit a record high while the dollar weakened. The moves are seen as a response to the Department of Justice's criminal investigation into Federal Reserve chair Jerome Powell.

In 2008, Chicago's mayor decided lease out the city's metered parking system — to privatize all 36,000 of its parking meters.

A Justice Department probe of the Federal Reserve marks the latest escalation in the Trump administration's effort to bend the independent central bank to the president's will.

Federal Reserve Chair Jerome Powell says the threat of criminal charges against him is a sign of the Trump administration trying to pressure the Fed to lower interest rates.