(Reuters) -The U.S. Federal Reserve needs to maintain a restrictive stance of monetary policy to get inflation down to its 2% target, Cleveland Fed President Beth Hammack told CNBC's Squawk Box Europe on Monday. It's a challenging time for monetary policy. We are being challenged on both sides of our mandate, she said, referring to inflation and maximum employment. When...

WASHINGTON (Reuters) -New Federal Reserve Governor Stephen Miran's call for big interest rate cuts is based on faith that President Donald Trump's economic plans will quickly lower the rate of interest that would prevail in a healthy economy, something policymakers see as hard to estimate under the best conditions. It is an outlook that in Miran's view puts the economy...

WASHINGTON (Reuters) -New Federal Reserve Governor Stephen Miran's call for big interest rate cuts is based on faith that President Donald Trump's economic plans will quickly lower the rate of interest that would prevail in a healthy economy, something policymakers see as hard to estimate under the best conditions. It is an outlook that in Miran's view puts the economy...

07:53 AM EDT, 09/29/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday to start a busy week of economic data that concludes with the September employment report Friday, all the while the threat of another government shutdown looms ahead of the Tuesday night deadline. Monday's schedule includes pending home sales data for August at...