Fed officials are divided on whether to prioritize controlling inflation or addressing the slowing job market.

By Ann Saphir and Howard Schneider March 4 (Reuters) - U.S. economic activity rose a bit, prices continued to increase and employment levels were stable in recent weeks, the Federal Reserve said on Wednesday in a report that also captured the upheaval to businesses and workers in Minnesota from the Trump administration's immigration crackdown.

President Trump formally nominated Kevin Warsh to be chair of the Federal Reserve Board on Wednesday, teeing up his replacement for Fed Chair Jerome Powell. The president submitted Warsh’s nomination to serve as Fed chair,

US economic activity increased at a slight to moderate pace across most regions in recent weeks, though a growing number reported flat or declining activity, the Federal Reserve said.

Kevin Warsh, the next prospective chair of the US Federal Reserve, has made more than one public statement supporting Bitcoin and cryptocurrencies.

WASHINGTON, March 4 () - Inflation and other risks from the U. military conflict with Iran haven't changed the need for the U.

Beth M. Hammack, head of the Federal Reserve Bank of Cleveland, says it is too early to gauge the economic impact of the Iran war and backs holding interest rates steady for “quite some time.”

The U.S. grew at a slight to moderate clip early in the new year, the Federal Reserve said, but “uncertainty,” higher prices and severe winter weather held the economy back.

US economic growth was lukewarm across the country in February as hiring remained flat and tariffs increased costs for businesses, according to the Federal Reserve’s Beige Book released on Wednesday.