Scott Horsley

The rules follow controversies surrounding trades by the presidents of two regional Fed banks. Critics say the rules don't go far enough.

The Federal Reserve is adopting new restrictions on investments after active trading last year by two regional Fed bank presidents drew criticism.

President Biden has a big decision to make: Whether to reappoint Jerome Powell to a second term as Federal Reserve chairman or choose someone else for one of the world's most powerful economic jobs.

Consumer prices jumped 5.4% in the last 12 months ending in September. That matches the highest level of inflation in 13 years.

Runaway prices pose a great risk to the economy. People are paying more for everything from meat to rent and gasoline. Reasons include snarls in the global supply chain and lack of workers.

Makers of everything from pasta sauce to vinegar say it's getting harder to find glass bottles for their products, and it's leading to higher prices.

Makers of spaghetti sauce, vinegar and liquor all say they're struggling with yet another pandemic shortage — this time of glass jars and bottles.

Three U.S.-based economists are sharing this year's Nobel memorial prize for their work on "natural experiments" which get around the need for controlled experiments.

The U.S.-based economists shared this year's Nobel in economics for their work with "natural experiments," such as studying how changes to the minimum wage impact the labor market.

Their work drew conclusions from unintended experiments, or so-called natural experiments — real events or policy changes that can be studied empirically to answer important questions in society.

September's job gains fell short of expectations, with U.S. employers adding just 194,000 jobs. The unemployment rate fell below 5%, but that was in part because people dropped out of the workforce.

Employers added 194,000 jobs in September, a second month of disappointing growth. Employers added 194,000 jobs in September, down from a revised 366,000 jobs in August, the Labor Department says.

The Labor Department says the U.S. added just 194,000 jobs last month, even lower than the lackluster showing in August. The unemployment rate fell to 4.8%.

September was supposed to be the month that Americans went back to work. Job gains are expected to be stronger than they were in August, but hiring is unlikely to match the levels of early summer.

The Biden administration wants banks to report more information on people's accounts so it has a better idea of whom to audit.

Senate Republicans once again blocked an effort to increase the government's borrowing authority, raising the risk of an unprecedented federal default in less than three weeks.

Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.

Senate Republicans are expected to block a vote to extend government funding and the raise the federal debt ceiling, increasing the odds of a government shutdown and a debt default in mid-October.

The Federal Reserve is reviewing its ethics policies following criticism that two regional bank presidents actively traded stocks and real estate assets during the pandemic.

The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.