By Jonathan Spicer and Howard Schneider JACKSON HOLE, Wyo. (Reuters) - U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy meeting on Sept. 16-17. The cautious confidence from Fischer, as well as from Bank of England Governor Mark Carney who spoke at a conference alongside him, suggests at least two major central banks are poised to look beyond a week of financial-market turmoil brought on by fears that China's economy is faltering.
NEW ORLEANS (AP) — Mississippi and Louisiana marked the 10th anniversary of Hurricane Katrina on Saturday by ringing church bells, laying wreaths and celebrating the resiliency of a region still recovering from a disaster that killed more than 1,800 people and caused $151 billion in damage.