[NEW YORK] As the financial world watches the White House turn up the heat on the Federal Reserve in Washington, another Fed drama has been playing out right on Wall Street's doorstep.

[NEW YORK] Central banks should move quickly to address economic pain when interest rates are already low, a senior Federal Reserve official said on Thursday.

[NEW YORK] The US economy is strong despite global risks, and data showing tame inflation pressure are no sign that policymakers are falling short of their goals, a top Federal Reserve policymaker...