Key Takeaways The government shutdown in October and November isn't done messing with the economy: key government reports are still delayed and distorted.A key monthly inflation gauge, Personal Consumption Expenditures,

The Federal Reserve chair said the central bank has been threatened with a criminal indictment over his testimony about building renovations.

As the nation’s central bank, the Federal Reserve plays a critical role in the U.S. economy. But Treasury Secretary Scott Bessent is sounding the alarm about how the institution is being run — and is taking direct aim at its chair, Jerome Powell.

Federal Reserve Vice Chair Michelle Bowman said the Fed should be prepared to cut interest rates further if the labor market shows additional weakening.

Both President Donald Trump and Federal Reserve Chair Jerome Powell are involved in controversial — and costly — rehabs of government buildings.