The Federal Reserve's Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a US central bank renovation project.

Federal Reserve policymakers probably only need to deliver one more rate hike this year to get inflation back on ‌track to the US central bank's 2% goal, New York Fed President John Williams said on Tuesday, in what amounted to a pushback against mounting expectations for earlier policy tightening.