Beth M. Hammack

Treasury yields were little changed on Thursday as investors geared up for the start of the Federal Reserve's closely watched annual economic symposium in Jackson Hole, the first under Chair Kevin Warsh

The latest Consumer Price Index showed that prices rose 0.1% on a monthly basis, in line with economists’ expectations

An important inflation report Wednesday could give the Federal Reserve a little breathing room in its battle against inflation

Even that slight decline would keep inflation higher than wage gains

A closely watched inflation report could help reshape the Federal Reserve's interest rate outlook, giving policymakers either more time to wait or fresh ammunition for officials pushing to resume rate hikes

However, three officials — Fed presidents Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas — dissented in favor of raising rates by a quarter point

US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation

Economists are expecting the Personal Consumer Expenditures price index slowed to 3.7% last month

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Concretely, nonfarm payrolls increased by 57,000, less than half the 115,000 expected by the Dow Jones consensus forecast

Warsh was appointed by President Donald Trump after former Chair Jerome Powell's tenure ended in May

New Federal Reserve chairman holds US interest rates despite pressure from Donald Trump

Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week

Donald Trump piles pressure on Kevin Warsh with call for rate cut

Economists polled by ​Reuters had forecast payrolls increasing by 85,000 jobs after a previously reported 115,000 rise in April

US adds 115,000 jobs in April as labour market shrugs off energy shock

Tension is building among the policymakers tasked with wrangling inflation as the economic effects of the US-Israeli war with Iran broaden

Other people in formal attire sit behind him with bottles and glasses of water scattered on their desks

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Hammack is a voting participant this year at Federal Open Market Committee meetings

The comments from Beth Hammack, president of the Federal Reserve Bank of Cleveland, come as the war enters its sixth week, sending gas prices surging nationwide and raising fresh fears about the U.S. economic outlook

The war in Iran is scrambling the economic outlook for the Federal Reserve — again

Central banks in a tough place facing inflation and growth fears

The Federal Reserve is still widely expected to hold interest rates steady when its officials next meet on March 17-18

Beth Hammack, clad in a hard hat and safety glasses, strolled alongside red-hot sheets of metal at U.S. Steel’s Mon Valley Works Irvin Plant last week as she looked to get a sense of how the iconic American company was faring

Just as President Donald Trump looks set to install a Federal Reserve chair aligned with his desire for lower interest rates, the president’s war on Iran likely makes those rate cuts harder to deliver

Data showed the Consumer Price Index rose 0.2% last month after an unrevised 0.3% gain in December

The latest jobs data, to be released on Wednesday, will shed light on how the labor market is faring, with vast implications for the Federal Reserve’s plans for interest rates

But they were split on whether that had changed since U.S. President Donald Trump, who has repeatedly criticised Powell for not cutting rates rapidly, nominated Warsh last month