Author: staff

“As you travel across Europe, you come across cemeteries of the fallen soldiers of the United States, the men and women who went overseas to fight the battle against the Nazis, against the communists, over the years, and gave their lives in doing that,” Durbin said. “They were standing up for principles and values, which are still as viable today as they were 75 years ago.”

Loretta Mester, president of the Federal Reserve Bank of Cleveland, said Thursday that she supported a series of rate hikes beginning in March. But she said the Fed should remain flexible: Faster rate hikes might be needed, she said, if inflation hasn’t begun to fade by mid-year, or more gradual increases if inflation is slowing.