world-economy

Fed Reports Modest Growth as Employment Stalls, Inflation Rises

Economic expansion across the United States proceeded at a slight to moderate pace in recent weeks, with employment growth effectively flat, according to the Federal Reserve's latest assessment. The central bank's regional reports revealed a mixed economic picture with higher inflation accompanying modest activity gains. Banking sector data showed loan delinquencies ticked upward, signaling potential stress in consumer and business credit markets. Broader discussions within the Fed center on operational restructuring that could affect how its 12 regional banks function independently. Fed officials are weighing proposals to streamline internal processes as the institution prepares for leadership transitions and new policy directions under incoming chairman Kevin Warsh.