As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. "The case is strengthening" for a rate hike, Dallas Fed President Robert Kaplan told CNBC television, whose open-air studio here overlooks the craggy peaks of the Grand Teton National Park. Kansas City Fed President Esther George, whose bank has hosted the conference here since 1978, had an even stronger message.
KOKOMO, Ind. (AP) — In a central Indiana city where trees were sheared off at their stumps by one of several tornadoes in the region, residents began the hard work Thursday of cleaning up destroyed or damaged homes and businesses.
WASHINGTON (AP) — A U.S. Navy ship fired three warning shots in the direction of an Iranian boat that was approaching another American ship head-on in the North Arabian Gulf on Wednesday, U.S. officials said, in an escalation of encounters in the region this week.