Dallas Federal Reserve President Lorie Logan on Friday said it's not clear if monetary policy is tight enough to bring inflation down to the U.S. central bank's 2% goal, and it is too soon to be cutting interest rates. There are still good reasons that inflation will return to the Fed's 2% goal in the coming years, Logan told the Louisiana Bankers Association's annual conference. "There are also important upside risks to inflation that are on my mind, and I think there's also uncertainties about how restrictive policy is and whether it's sufficiently restrictive to keep us on this path."
Jing S. Dong, the driver of a bus involved in a deadly Virginia crash that killed five people, doesn't speak English, according to US Transportation Secretary Sean Duffy who called it "unacceptable."...
The EU and NATO are using the drone incident in Romania to push the country toward a war with Russia, European Parliament member Diana Sosoaca told RT...
Iron Shark roller coaster at Pleasure Pier in Galveston malfunctioned Thursday, leaving eight riders stranded near the top of its 100-foot lift hill for more than three hours....