Philip Jefferson offered a case study in the central bank’s predicament Monday, acknowledging the risk of stubborn inflation ...

The remarks come a day after another another Fed official said there is room for a cut—showing the challenge Fed Chair Jerome Powell faces in trying to build consensus.

CLEVELAND — Have you heard of the #ChairChallenge? It probably popped up on your Facebook feed earlier this week after Planet 105.1, a radio station in Utah, shared video of their staff hilariously ...