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Federal Reserve officials are preparing to slow bond buying and are divided over when they might need to raise interest rates as inflation bites.

Consumer Price Index data from the Labor Department will likely show that prices continued to climb quickly in September.

A survey by the Federal Reserve Bank of New York shows inflation expectations are the highest since 2013, adding pressure for Federal Reserve officials.

The three were honored for research that drew conclusions from unintended experiments.

The September payrolls report comes at a high-pressure moment for the central bank, as it balances fast inflation with millions of missing jobs.

Lael Brainard, a Federal Reserve governor, said officials are building climate scenarios for bank stress tests.

The Democratic Senator called for an investigation after news that the Fed's vice chair shifted toward stocks shortly before a policy announcement last year.

Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.

The August reading of the Federal Reserve’s preferred inflation gauge showed prices climbing at the fastest annual pace since 1991.

Other Democrats fretted about diversity at the Federal Reserve as Chair Jerome H. Powell testified ahead of an imminent personnel shake-up.