WASHINGTON (Reuters) -U.S. consumer inflation likely picked up in August as the cost of gasoline rose and tariffs on imports raised some goods prices, but the pace of increase would probably not be strong enough to derail a much-anticipated interest rate cut from the Federal Reserve next week. The Consumer Price Index (CPI) report from the Labor Department's Bureau of...

(Reuters) -President Donald Trump's administration on Wednesday moved quickly to appeal a federal judge's ruling temporarily blocking Trump from taking the unprecedented step of firing Federal Reserve Governor Lisa Cook. The U.S. Department of Justice filed a brief notice that it was appealing the ruling from late Tuesday by U.S. District Judge Jia Cobb, who said Trump's claims that Cook...

(Reuters) - Stephen Miran, a top White House economic adviser, moved closer Wednesday to becoming a Federal Reserve governor, furthering President Donald Trump's effort to exert more direct control over interest rate policy and the central bank's broader role. Members of the Republican-controlled Senate Banking Committee voted 13-11 in a party-line vote to send Miran's nomination to the full Senate...

WASHINGTON (Reuters) -The office of the Labor Department's inspector general said on Wednesday it was initiating a review of challenges the Bureau of Labor Statistics (BLS) faces in collecting and reporting U.S. economic data following recent large downward revisions to nonfarm payrolls and cuts to inflation data collection. Assistant inspector general for audit, Laura Nicolosi, sent a letter to acting...