Fed Chairman Powell: On climate issues, we will only do two things, and only two things. The first is (providing) climate stress scenarios, which large banks are already doing; we will also provide guidance on how to assess risks. No new climate initiatives.

German Deputy Chancellor Habeck: Tougher action must be taken against countries that benefit from sanctions.

Fed Chairman Powell: The U.S. economy is performing best among developed countries.

German Deputy Chancellor Habeck: Discussed with U.S. Treasury Secretary Yellen the issue of strengthening the implementation of sanctions against Russia.

Fed Chairman Powell: Unable to determine how regional banks will handle capital.

Market news: Boeing 737 MAX is under investigation by the US National Transportation Safety Board (NTSB) due to rudder failure on February 6.

German Deputy Chancellor Habeck: Germany-Germany relations are rock solid. A solution must be found for the German strike.

Canadian Defense Minister: Canada must invest "more" in military.

Fed Chairman Powell: The number of homes available for sale is "incredibly low."

Fed Chairman Powell: As interest rates and inflation fall, we should see the housing market begin to recover, but it will not solve long-term problems.

Fed Chairman Powell: The number of homes available for sale is "extremely limited."

U.S. natural gas futures fell more than 3.00% during the day and are currently at $1.871/million British thermal units.

Federal Reserve Chairman Powell: The revision of Basel III is expected to be completed within this year.

Fed Chairman Powell: It is more important to set the rules correctly rather than pursue speed.

Federal Reserve Chairman Powell: It is necessary to speed up scientific and technological progress and reduce the stigma of the discount window.

Fed Chairman Powell: There is still a lot of work to be done in the discount window.

Federal Reserve Chairman Powell: The non-bank financial sector does not face risks from banks.

Fed Chairman Powell: Our job is to restore price stability, and that’s what we’re doing.