The central bank said in a report that its low-interest-rate policies are providing “powerful support”
The index increased in June for the fifth straight month
Consumer spending stalled as incomes dropped for a second month and inflation posted a sizeable gain
No one wants to relive the double-digit inflation of the 1970s, Yellen told the Senate Finance Committee on Wednesday
Growth in April and May accelerated despite supply disruptions
That's a pullback from the 4.7% spending surge in March, but the drop was expected
The concerns were detailed in meeting minutes
The acceleration in prices has unsettled financial markets
Consumer spending rose 4.2% in March, at its fastest pace in nine months
A Federal Reserve survey finds optimism as activity accelerates