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(Bloomberg) -- Federal Reserve Bank of Cleveland President Beth Hammack said interest rates are not “meaningfully restrictive” and should be held steady for some time as officials wait for evidence inflation is returning to their 2% target. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Milli

President Donald Trump is planning a “gold card” visa with a potential pathway to U.S. citizenship for $5 million. “Golden visa” programs all have different frameworks and paths to permanent residency and have had mixed results in spurring investment in a country's economy. Who will qualify for a ‘gold card’?

"The policy rate remains restrictive enough to continue putting downward pressure on inflation over the longer term, as we need it to, while not negatively impacting the rest of the economy," Harker said in remarks prepared for delivery in Newark, Delaware. Meanwhile recent inflation data shows progress toward the Fed's 2% goal is slowing and still bumpy, he noted, with consumer prices in January unexpectedly rising at the fastest pace in a year and half. Still, he said in what is a common view among Fed policymakers, "the caution I am taking is to look at all the data and not be moved to act, in either direction, based on one report covering one month."

(Bloomberg) -- Federal Reserve Bank of Philadelphia President Patrick Harker said officials should allow their policy stance to continue to lower inflation, signaling support for holding interest rates steady for now. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew Yo

Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday she expects U.S. central bank interest rate policy is on hold for the time being amid a hunt for evidence that inflation pressures are easing back to the 2% target. With a healthy job market and an uneven and slowing process of easing inflation pressures, “I believe that monetary policy has the luxury of being patient as we assess the path forward, and this will likely mean holding the federal funds rate steady for some time,” Hammack said in the text of a speech prepared for delivery before an event held at Columbia University. Before supporting a rate cut, Hammack said she seeks additional evidence that price pressures are easing back to 2% so long as the job market remains “healthy.”

(Bloomberg) -- The Senate voted Thursday to repeal a new US fee on climate-warming methane emissions from oil and gas producers, sending the measure to the White House for President Donald Trump’s signature. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Conge

The worrying signs for the US economy are piling up: unemployment is rising, Americans are cutting spending, and the housing market is still frozen.