IMF appoints Mateusz Szczurek as director of the European Department.

Hammack said that, given uncertainty in the economic outlook, keeping rates unchanged is reasonable for now but officials may need to act soon to address rising inflation. She said she is more worried about inflation — which has exceeded the Fed's 2% target for about five years — than about the still-strong labor market. Hammack added the Fed's policy rate may not be restrictive, that she has not heard businesses complain high rates are curbing investment, and that price pressures are broad-based across goods and non-housing services.

US Secretary of State Rubio said an Iran agreement could be reached today, tomorrow or next week.