Federal Reserve Vice Chair Philip Jefferson said a strong economy allows policymakers to take their time before considering any additional cuts to interest rates.He also said healthy household balance sheets have supported strong consumer spending,
Six major U.S. banks won't be required to make submissions for the Fed's Climate Scenario Analysis Exercise because that program's been shut down, sources say.
Costs for US manufacturers climbed at the fastest pace in two years, according to a Federal Reserve Bank of New York survey, as President Donald Trump rolls out new tariffs on imports that may add to price pressures.
The jump in US inflation last month that surprised investors was mostly due to the way the government adjusts for typical price increases at the start of the year, according to Bloomberg Economics.
Federal Reserve Governor Christopher Waller said stablecoins have the potential to “maintain and extend” the international role of the dollar, though their rise or fall will depend on solid business use cases and a harmonized set of rules.
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