News

According to the Wall Street Journal: U.S. Senate Democrats are focusing on Warsh’s possible holdings of investment assets such as bank stocks.

Fitch: (Regarding U.S. credit risk) Consumer-oriented industries, real estate, and aviation industries will face the most severe pressure from secondary shocks.

Fitch: Iran war and software disruptions become dual risks to U.S. credit.

The Fed accepted a total of $503 million from six counterparties in fixed-rate reverse repurchase operations.

European Central Bank President Lagarde: Broad fiscal support (if implemented) will force the European Central Bank to further raise key interest rates.

European Central Bank President Lagarde: Uncertainty indicates the need for more information before deciding on policy.

European Central Bank President Lagarde: We have not yet seen energy prices rise enough to push us completely into an adverse scenario. The range of possible outcomes is much wider than in 2022.

European Central Bank President Lagarde: If the conflict is resolved quickly, the economic impact will be controllable.

European Central Bank President Lagarde: There are currently limited signs of supply chain disruptions.

European Central Bank President Lagarde: The European Central Bank is not yet completely in an adverse scenario.

European Central Bank President Lagarde: It will not be easy to return to the pre-war situation.

European Central Bank President Lagarde: The economic outlook remains highly uncertain.

Wells Fargo CEO says Fed independence is crucial.

European Central Bank President Lagarde: The intermittent character of the conflict makes it extremely difficult to assess its impact.

European Central Bank President Lagarde: The duration of energy shocks is key to appropriate responses.

European Central Bank President Lagarde: The European Central Bank will take appropriate actions as the situation requires.

European Central Bank President Christine Lagarde will deliver a keynote speech at the 75th anniversary annual reception of the German Banking Association in ten minutes.

Federal Reserve Chairman nominee Warsh: A reform-oriented Federal Reserve can truly change the lives of the American people.

Federal Reserve Chairman nominee Warsh: is also committed to working with the government and Congress to deal with non-monetary matters that fall within the scope of the Federal Reserve's responsibilities.

According to CNBC: American electric car company Rivian’s factory in Illinois was damaged by a tornado.