00:37:30
Czech President: 18 countries will help Ukraine purchase artillery shells.
00:37:23
U.S. Democratic Senator Warren called Federal Reserve Chairman Powell "weak" on bank supervision.
00:35:41
European Central Bank: A single market for capital is necessary.
00:35:06
Fed Chairman Powell: Basel III is not directly related to the failure of Silicon Valley Bank.
00:34:02
Fed Chairman Powell: Doesn’t want to hold mortgage-backed securities on balance sheet.
00:33:25
According to the official communiqué: the state of emergency in the Western Province of Haiti has been extended for one month.
00:32:25
Fed Mester: The Fed will begin to reduce the size of its bond purchases at some point before stopping reducing its balance sheet.
00:27:25
Fed Chairman Powell: We are not far away from having confidence in cutting interest rates.
00:27:02
Fed Chairman Powell: It will take some time to be satisfied with inflation remaining stable at 2%.
00:26:45
Fed Chairman Powell: I think our policies are in the right place.
00:24:12
Fed Chairman Powell: Federal Home Loan Banks are ahead of us in technology.
00:23:54
Fed Chairman Powell: All banks need to stay in touch with the discount window and understand how to use it.
00:22:28
Federal Reserve Chairman Powell: For large banks, commercial real estate issues are not the primary risk.
00:21:07
Federal Reserve Chairman Powell: Bank failures caused by commercial real estate are expected, but not large banks, but more small and medium-sized banks that face the greatest risks.
00:20:48
Fed Chairman Powell: We have identified banks with high commercial real estate risks, especially in office buildings, and are having conversations with them.
00:20:12
Market News: Italy chooses Singapore’s Silicon Box to build chip production capacity. Italian Industry Minister Urso will make a chip announcement next Monday.
00:20:00
Mester, the 2024 FOMC voting committee member and President of the Cleveland Fed, will speak on the economic outlook in ten minutes.
00:18:25
Federal Reserve Chairman Powell: We are still a long way from considering launching a central bank digital currency.
00:17:58
Fed Chairman Powell: We are far from making or adopting recommendations for any form of central bank digital currency.
00:17:01
Fed Chairman Powell: I am very adamant that we are not a climate policy maker.