In addition, Kansas City Fed President Schmid said, "With inflation close to target and growth showing continued momentum, I believe we are near the point where the economy needs neither restriction ...
The Dow Jones Industrial Average was down 611 points, or 1.4%, as of 10:15 a.m. Eastern time ... Allstate fell 4.2%, Chubb lost 3.6% and Travelers dropped 3.3%. Delta Air Lines was able to rise 9.3% ...