21:18:33
Swedish Central Bank Deputy Governor Jansson: Developments since the interest rate cut have been generally positive.
21:18:10
Federal Reserve Board Governor Barr: Most funds in private credit markets do not come from highly leveraged entities, so there is no risk of bank runs.
21:16:14
Federal Reserve Board Governor Barr: The Fed does not want the size of its balance sheet to "approach any level that could interfere with control of the federal funds rate."
21:13:25
Swedish Central Bank Deputy Governor Jansson: It is unlikely that an interest rate cut will take place in June, but this option cannot be ruled out.
21:12:24
The Polish zloty rose to 4.2525 against the euro, its strongest level since February 2020.
21:08:05
Swedish Central Bank Deputy Governor Jansson: The current inflation outlook in Sweden is very optimistic.
21:01:54
IT infrastructure provider Kyndryl has also partnered with Nvidia Corp (NVDA.O) to develop generative AI solutions.
21:00:30
Fed Governor Waller did not comment on monetary policy or the economic outlook in his prepared remarks.
21:00:00
Swedish Central Bank Deputy Governor Jansson: Inflation risks are roughly balanced.
20:56:30
Swedish Central Bank Deputy Governor Jansson: Demand conditions do not show significant inflationary pressure.
20:56:24
Federal Reserve Board Governor Barr: The economy is currently strong, growth is solid, and unemployment is low.
20:55:31
Federal Reserve Board Governor Barr: The current approach is to "remain prudent" to manage these two types of risks (inflation and employment).
20:54:52
Federal Reserve Board Governor Barr: Be wary of risks to inflation and employment tasks.
20:54:47
Fed Governor Barr: Fed is in a good position to "hold steady" and watch the economy.
20:54:43
Federal Reserve Board Governor Barr: The Fed will need to allow tightening policies "more time to continue to work."
20:54:35
Federal Reserve Board Governor Barr: First-quarter inflation was "disappointing" and failed to provide the confidence needed to ease monetary policy.
20:54:29
Federal Reserve Governor Barr: Regulators are reviewing the regulatory treatment of certain types of deposits, including deposits related to venture capital or cryptocurrency businesses.
20:53:57
Federal Reserve Board Governor Barr: Regulators are exploring "targeted adjustments" to existing liquidity rules.
20:50:00
Federal Reserve Board Governor Barr will speak in ten minutes.
20:37:01
Brazilian President Lula: I am saddened to hear of the passing of Iranian President Raisi and express my condolences to the Iranian government and people.