A gradual increase in interest rates is the best way to deal with inflation and support the U.S. economy, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC Thursday.
The number of Americans filing for benefits rose more than expected last week, suggesting that claims processing disrupted by recent hurricanes has begun to improve.
The Federal Reserve's point-person on Wall Street appealed to Congress on Monday to "do no harm" as it considers slicing back regulations put in place to protect the U.S. economy in the wake of the financial crisis.