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BREAKING NEWS

LIVE: Gov. DeSantis holds news conference in Dade City

ESTHER GEORGE


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'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

Read full article: 'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday.

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Fed's Bullard: Solid US economy can handle rising rates

Read full article: Fed's Bullard: Solid US economy can handle rising rates

St. Louis Federal Reserve president James Bullard says last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates.

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Kansas City Fed President Esther George announces retirement

Read full article: Kansas City Fed President Esther George announces retirement

Esther George, the president of the Federal Reserve Bank of Kansas City, will retire in January, as required by the Fed’s mandatory retirement rules.

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Fed dissenters say economy didn't need rate cuts

Read full article: Fed dissenters say economy didn't need rate cuts

Chip Somodevilla/Getty Images(CNN) - Two regional Federal Reserve presidents publicly dissented Friday over this week's interest rate cuts, issuing separate statements arguing that economic conditions didn't warrant easing. "I do not see a clear and compelling case for additional monetary accommodation at this time," said Boston Fed President Eric Rosengren in a statement. "Incoming economic data and the outlook for economic activity over the medium term warranted no change in the policy rate," Kansas City Fed President Esther George said in her statement, adding maintaining interest rates would have been "appropriate." The Fed has left the door open for further rate cuts, while also suggesting that it has not entered an extended period of lowering rates. Members of the Federal Open Market Committee, comprised of the seven Board members and 12 regional Fed presidents, have dissented under both of Powell's predecessors.

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