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The Economic Times

US Fed officials keep rate hike in play as inflation clouds Kevin Warsh's first Jackson Hole address

Inflation Austan Goolsbee Jackson Hole Beth Hammack Jeffrey Schmid US Federal Reserve Kevin Warsh Economy Kansas City Fed Monetary Policy

Federal Reserve officials opened the Jackson Hole conference with a warning that could complicate expectations for lower interest rates: inflation remains stubbornly high, and some policymakers believe the central bank may need to raise rates further to bring price pressures back under control.

Kansas City Fed President Jeffrey Schmid, Cleveland Fed President Beth Hammack and Chicago Fed President Austan Goolsbee all voiced concerns about inflation on Thursday as central bankers gathered in Wyoming for the Kansas City Fed's annual economic symposium, Reuters reported.

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

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