Robert S. Kaplan, president of the Federal Reserve Bank of Dallas, says increased competition is making it harder for companies to raise prices.
As Federal Reserve officials struggle to understand why inflation remains low, two of them give their reasons for being on different sides of the debate.
Fed officials remain united in confusion about what is causing inflation but divided about the consequences as they prepare to push forward with another rate increase next month.
With Brexit looming large, more-affordable housing featured prominently as Philip Hammond presented his budget to Parliament.
The candidates on President Trump’s short list for Federal Reserve chairman have very different views about the best way to manage the economy.
Janet L. Yellen, the Federal Reserve chairwoman, gave an upbeat assessment but said inflation was likely to rise as the domestic economy continued to grow.