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Biden ready to release more oil reserves to cool price: Amos Hochstein

A truck passes pumpjacks in the Belridge oil field on November 03, 2021 near McKittrick, California.Mario Tama | Getty Images News | Getty ImagesPresident Joe Biden's administration stands ready to release even more barrels of oil from its strategic reserves should the need...

Fed ready to raise interest rates if inflation continues to run high, minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising.The committee that sets interest rates for the Fed on Wednesday released the minutes from the November...