Chile’s central bank sees its policy outlook largely unchanged by a drop in the peso and the potential inflation impact from recent devastating floods, the institution’s vice president said in an interview. Chile’s monetary easing, combined with doubts over the Chinese economy that’s a key buyer of the country’s commodities and hawkishness of the Federal Reserve have weighed on the currency, Pablo Garcia said from Jackson Hole, where central bankers gathered for a global symposium hosted by...

Federal Reserve Bank of New York President John Williams said the U.S. economy is in “great shape” and indicated he’ll keep pushing for banks to improve corporate culture. “As a policy maker, solid growth, a strong labor market, and inflation near our target are all exactly what I want to see,” the former head of the Fed’s San Francisco branch said Monday as he addressed a conference on reforming banking culture on his first day in the new job. The U.S. central bank raised interest rates last...