Dallas Fed President Lorie Logan gave one of the most direct warnings yet from a U.S. central banker that the Federal Reserve may need to tighten monetary policy.
U.S. businesses endured another month of energy-driven price increases and economic uncertainty in the third month of the Iran conflict, according to a recent survey from the Federal Reserve.
The Office of the U.S. Trade Representative said products of Canada, Mexico, Taiwan, the EU and the U.K., among other countries, would face a 10% duty.
Japan’s central bank could look past Middle East uncertainty and raise interest rates if inflation becomes a bigger threat to the economy than the risk of slowing growth, Gov. Kazuo Ueda said.
Should the disruption to energy production and shipping stretch well into next year, global growth could slide to 2.1% in 2026—the weakest this century outside 2009 and 2020.
One of the new advisers to the new Fed chairman previously helped write a chapter for Project 2025, the conservative policy blueprint, that recommended a radical restructuring of the central bank.
U.S. job openings increased to 7.6 million in April, from 6.9 million in March. Meanwhile, the hiring rate worsened to 3.2% in April from 3.5% in March, with about 5.1 million Americans landing new jobs in April.