The Federal Reserve should wait until next year before raising interest rates or risk undermining the very recovery it has helped engineer, a top U.S. central banker said on Wednesday. "Given uncomfortably low inflation and an uncertain global environment, there are few benefits and significant risks to increasing interest rates prematurely," Chicago Federal Reserve Bank President Charles Evans told the Lake Forest-Lake Bluff Rotary Club. Evans, a voting member this year on the Fed's policy-setting panel, stands nearly alone at the central bank with that view.
By Maria Tsvetkova DONETSK, Ukraine (Reuters) - Ten miners were confirmed killed and rescuers held out little hope for another 23 who were still missing after a blast at a coal mine in the rebel-held city of Donetsk near the battle front in eastern Ukraine on Wednesday. Mine officials said the explosion was most likely caused by gas and not linked to fighting at the nearby frontline in the war between Moscow-backed rebels and Ukraine government forces. Nevertheless, Kiev suggested the war had made the disaster worse, accusing the separatists of holding up a rescue effort by restricting access.
WASHINGTON (AP) — Both Republican and Democratic members of the House Foreign Affairs Committee on Wednesday stepped up pressure on the Obama administration to support Ukraine with weapons to defend against attacks from pro-Russian rebels.