Speaking at an Economic Club of Chicago luncheon Wednesday, Powell said that despite the instability, the nation’s economy is still in a “solid position,” in particular its labor market. But he acknowledged that while the rate of inflation is slowing, the sharp price increases consumers have faced over the last several years are still hitting Americans in their pocketbooks.

Donald Trump, the Republican presidential nominee, was pressed on his communication with the Russian president during a wide-ranging — and sometimes contentious — interview with Bloomberg editor-in-chief John Micklethwait at the Economic Club of Chicago.

Former President Barack Obama warned Chicago’s business leaders Friday afternoon that American democracy is imperiled by persistent economic inequality and structural racism, and said corporate America has a responsibility to call out voter suppression efforts.