"We should be on a program of gradual rate increases," Powell said in an interview with Bloomberg Television from Jackson Hole, Wyoming, where many of the world's top central bankers have gathered for a conference. Earlier on Friday, Fed Chair Janet Yellen said in a speech in Jackson Hole that the case for a U.S. interest rate hike has strengthened in recent months.
Fighters in the Damascus suburb of Daraya began to leave with their families and other residents under an evacuation deal on Friday, effectively surrendering the town to the government after a grueling four-year siege. Footage on state television showed buses driving past a large group of soldiers through streets lined with rubble. Only one shipment of aid has reached the area since the Syrian army surrounded the town in 2012, the U.N. says.