“Wage growth now is greater than inflation,” Bostic says. “But I don’t think people feel like they’ve caught up all the way and that’s just going to take some time.”

“Inflation has eased over the past year but remains over our longer run goal of 2%,” Powell said

The Federal Reserve has been raising interest rates for almost two years now, affecting virtually everyt;hing in the economy. But some businesses have been relatively insulated from rate hikes.

A lot of homebuilders are working with lenders to offer lower mortgage rates — or they’re offering other incentives like money towards closing costs.

The quarterly report gives clues about how members of the Federal Open Market Committee see the economy and what future steps they might take.

There are only so many options. Ideally, they don’t include a boom or a bust.

Dissent on interest rate decisions might send mixed messages to Wall Street about where the economy is headed.

The moves are occurring against the backdrop of an improving yet still weak economy.

A look at what the Fed was doing — and wasn't — before the crisis hit the headlines and your bank account.

Daniel Tarullo, former Fed board governor, talks about his new paper on why the Fed hasn't got it right when it comes to measuring inflation.