Fed’s Cook warns tariffs could lower productivity, feed inflation

Federal Reserve Governor Lisa Cook warns that Trump's trade policies could reduce productivity, discourage investment, and lead to higher inflation and interest rates.

Analysis-China and the US to talk trade war ceasefire, not peace

Fed’s Bowman picks staff from Goldman, Davis Polk and BPI, Bloomberg News reports

U.S. Federal Reserve Governor Michelle Bowman appoints three experienced staff from banking, enhancing the Supervision and Regulation Division with expertise from notable financial institutions.

US Treasury secretary urges Congress to raise debt limit by mid-July

Treasury Secretary Scott Bessent warns Congress to raise the debt limit by mid-July to prevent financial chaos, with U.S. debt currently exceeding the congressional limit.

Trump says US will maintain 10% tariffs even after trade deals

Trump announced a 10% baseline tariff on imports remains, even after trade deals, with potential exemptions for significant terms.

Exclusive-Fed’s Hammack wants clear data before moving on rates, not much data by June

Fed President Beth Hammack states the need for time to assess economic impact from Trump's tariffs, highlighting uncertainty and risks to inflation, growth, and the labor market.

Trading Day: All eyes on ’Geneva Convention’

Bank of England cuts rates in split decision before US tariff deal

The Bank of England cut interest rates to tackle impacts from U.S. tariffs amidst unexpected policymaker divisions, leading to reduced chances of further rate cuts soon.

Trump to allow commercial fishing in New England marine monument

Trump will restore commercial fishing access to a marine monument off New England, reversing Biden's legislation and supporting fishing communities while addressing economic concerns.

Ex Fed’s Warsh highlights a path to lower rates, takes a fresh dig at the Fed

Kevin Warsh critiques current Fed policy, suggesting a pathway to lower rates, while arguing against the necessity of raising unemployment to control inflation.