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Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”

The new video game console will still be released in June, the Japanese company said. Its price was unveiled as $450 this week.

After China announced new retaliatory measures against the United States, President Trump responded that Beijing “PLAYED IT WRONG.”

Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”

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Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — were weighing on the market.

The president’s aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.

A nonprofit group said the president misapplied a law in imposing those levies and portrayed its filing as the first lawsuit to challenge the Trump administration over its tariffs.

The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.

Mark Carney, a former central banker, also called on ‘like minded nations’ to form a new trading order without the United States.