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."
A judge has temporarily blocked the removal of a 5-year-old and his father who were detained as part of the government's ongoing immigration crackdown in Minnesota. ...
The New York City Ferry suspended its service Tuesday afternoon and warned it may be closed "for several days" due to thick layers of ice blanketing the rivers....