NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday she does not think the U.S. central bank needs to raise interest rates to combat inflation pressures she considers too high, while acknowledging how that view might change. Despite where inflation is, moving rates up is not my base case right now, Hammack said in a Reuters interview...

NEW YORK (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the U.S. central bank has been right to cut interest rates to help the job market. The cuts have been appropriate but we have to be very careful to continue to lean against above-target inflation, while continuing to provide some insurance to the employment sector,...

WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased marginally last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions in October despite a surge in announced layoffs. Initial claims for state unemployment benefits rose to a seasonally adjusted 229,140 for the week ended November 1 from 219,520 in the prior week, Haver...

(Reuters) -The U.S. Supreme Court has dealt with a series of cases involving challenges to the actions of President Donald Trump and his administration since he returned to office in January. These cases have involved the U.S. Federal Reserve, tariffs, immigration policy, domestic troop deployment, birthright citizenship, transgender rights, firings of federal workers and agency officials, dismantling the Education Department,...