Fighting inflation likely to be 'painful,' Chicago Fed president says

A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.
READ NEXT
More on the wire
FROM THE PUBLISHER
Israeli Prime Minister Benjamin Netanyahu on Tuesday accused New York City Mayor Zohran Mamdani (D) of "supporting" the terror group Hamas ahead of visiting the United Nations General Assembly in the city. "Shame on you, Mr. Mamdani," Netanyahu said in a video posted to the social platform X. "Shame on you for supporting the Hamas...
FROM THE PUBLISHER
Authorities have not confirmed the deaths are connected, but packaged kratom sold from a retail store was recovered in both investigations.