Consumer inflation expectations aren't rising sharply, according to Morning Consult, consistent with the Fed's view that most inflation right now is "transitory."
The central bank raised its inflation forecast to 3.4% by year-end and expects to hike its benchmark interest rate twice by late 2023.
The Fed has a dual mandate to control inflation as well as unemployment, unlike other central banks.
A Federal Reserve survey found consumers are expecting inflation to hit 4% next year.
The Fed has to walk a fine line between mitigating disaster and shifting monetary policy to focus on fighting climate change.
An excerpt from a Federal Reserve conference series about race and the economy focused on diversifying the profession itself.
The personal consumer expenditures price index is one of the Fed's favorite tools for tracking inflation.
Soaring asset prices, as in the stock market, and risky bets by financial firms could be vulnerabilities.
Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.