Federal Reserve Chairman Powell: The record clearly shows that the independence of the Federal Reserve is a good institutional arrangement. This is the choice we made as a country, and it is a wise choice.

U.S. Treasury Secretary Janet Yellen: Pleased with passage of the "Buyback Act," which authorizes the U.S. to seize frozen Russian assets to help Ukraine, but is seeking to build a coalition to provide assistance.

Federal Reserve Chairman Powell: We have a major housing problem in this country.

Federal Reserve Chairman Jerome Powell declined to specify specific changes in Basel III.

Institutional analysts said Powell dodged a question about the impact of tariffs on prices if Trump is re-elected, saying: "We try very hard not to comment on campaign-type information."

Fed Chairman Powell: The public comment period may be 60 days. A lot of work needs to be done before the revised proposal is released.

Federal Reserve Chairman Powell: When we reach an agreement with other institutions, the idea is that we will publish the proposed changes and their likely impact.

Federal Reserve Chairman Powell: Ready to move forward once we reach a deal.

Federal Reserve Chairman Powell: We are discussing this issue with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (OCC), but no agreement has been reached yet.

Federal Reserve Chairman Powell: My view and that of the committee is that we need to put the revised proposal open for comment for a period of time.

Federal Reserve Chairman Powell: (When asked about the final Basel III plan) The Federal Reserve has had a series of discussions on potential changes.

Hunter Biden has withdrawn his motion for a new trial in a federal gun case, court documents show.

Sources: Nigerian National Petroleum Corporation seeks $2 billion oil loan to finance fuel imports.

Federal Reserve Chairman Powell: The next policy move is unlikely to be an interest rate hike.

Federal Reserve Chairman Powell: We are clearly aware that we are facing two-sided risks now.

Federal Reserve Chairman Powell: This is no longer an overheated economy.

According to the Ukrainian National News Agency: Ukrainian President Zelensky arrived in Washington to attend the NATO summit.

Ford Motor (FN): The Blue Oval Battery Industrial Park in Michigan, USA will start production in 2026.

Tesla (TSLA.O) rose nearly 2%, heading for its tenth straight day of gains.

Indian Foreign Secretary: Indian Prime Minister Narendra Modi and Russian President Vladimir Putin have agreed to speed up the supply of defence components, including through joint ventures in India.