According to NBC News: Google CEO Pichai met with Senator Bennett on Capitol Hill today.

Volvo Group: Nova Bus ceases bus production in the United States.

The US National Hurricane Center said the tropical storm was about 415 miles (670 kilometers) east of Barbados and had maximum sustained winds of 60 mph (95 km/h).

Market news: The Turkish Finance Minister went to the UAE to discuss investment in Turkey.

Satellite service provider Intelsat is understood to have ended talks on a potential merger with another satellite service provider, SES.

The Fed accepted a total of $2.037 trillion from 106 counterparties in fixed-rate reverse repurchase operations.

According to the Wall Street Journal: Uber is cutting 200 people from its recruiting team, accounting for 35% of the team, but less than 1% of the total workforce.

Federal Reserve Chairman Powell: The 2% inflation target has existed informally since 25 years ago and has been formally established since 2012.

Fed Goolsbee: Service sector inflation has been showing great persistence.

Federal Reserve Chairman Powell: For those banks with a high concentration of loans, it may face difficult times.

Federal Reserve Chairman Powell: Commercial real estate loan losses will occur in the office building and shopping center industries.

Fed Goolsbee: Wages are a lagging indicator of prices, not a leading one.

Federal Reserve Chairman Powell: The U.S. federal budget is on an unsustainable path and needs to be fixed.

EUR/USD gained 0.50% on the day to trade at 1.0973.

Fed Chairman Powell: Climate change has nothing to do with current monetary policy.

Fed Goolsbee: At the same time, working hours are down.

Fed Goolsbee: Employment data was very strong.

Fed Chairman Powell: Will not change inflation target due to Russia-Ukraine conflict.

Federal Reserve Chairman Powell: The Silicon Valley Bank incident happened without warning, and it was an emergency that happened over the course of a weekend.