CNBC Economy

President Joe Biden met with Federal Reserve Chairman Jerome Powell and Governor Lael Brainard this week, a source told CNBC.

Nonfarm payrolls were expected to increase by 450,000 in October, according to economists surveyed by Dow Jones.

Nonfarm payrolls swelled by 531,000 jobs in October. Economists say the Fed could speed up its timetable to end its bond-buying program if growth continues.

October's job creation was strong in almost every sector, as hiring across industries helped the broader U.S. economy rebound from a late-summer lull.

Tapering of bond purchases will start "later this month," the policymaking Federal Open Market Committee said in its post-meeting statement.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Sept. 22.

The Fed is sticking with its near zero rate policy for now, but for consumers, the days of low rates are numbered.

Companies added 571,000 jobs for the month, beating the 395,000 Dow Jones estimate and just ahead of September's downwardly revised 523,000.

A slight reprieve from rising mortgage rates did nothing to invigorate mortgage demand last week.

The Federal Reserve is likely to step away from a historic level of economic support and into a new regime.

The Federal Reserve is going to talk tapering this week, but the markets are more interested in its view on inflation.

The CNBC Fed Survey indicates the Fed will announce a decision to taper Wednesday and begin hiking interest rates sooner than previously forecast.

Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman.

The latest version of the Democrats’ Build Back Better plan would extend the expanded earned income tax credit for an additional year through 2022.

Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income.

Biden will convene a supply chain meeting with world leaders while in Rome in hopes of alleviating pressure points in the global trading system.

Billionaire hedge fund manager Bill Ackman called for the Fed to begin reining in the support it has provided for the U.S. economy.

As the pandemic recedes, it has created lingering ill effects like worker shortages, inflation and supply constraints that have delayed the economy's recovery.

Twitter and Square CEO Jack Dorsey recently predicted that "hyperinflation is going to change everything." Here's why economists say it's extremely unlikely.

Treasury Secretary Janet Yellen asserted that the infrastructure spending proposal will lower inflation by reducing costs vital to households.