A top Federal Reserve official said Friday that stubbornly high inflation is her bigger concern right now, warning that firms are urging the US central bank to act against rising prices. "Persistently high inflation is the bigger concern," she said.

A key U.S. central bank official has said that she backs higher interest rates to curb inflation, in a signal that she could push back on a decision to keep rates unchanged this…

Cleveland Fed President Beth Hammack warns inflation remains stubbornly above the 2% target, flags AI-driven demand as a new pressure, and signals caution