My colleagues and I remain squarely focused on achieving our dualmandated goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment.Inflation has come down a great deal, but has been running somewhat above our 2% longer run objective. In support of our goals today, the Federal Open Market Committee decided to leave our policy in ...

As of June 2025, the US economy continues to defy some expectations as the labor market shows some strength even with inflation moderating. The latest jobs report on June 6th showed non-farm payrolls grew by 139,000 in May. This surpassed the forecast of 125,000 jobs, while the unemployment rate held steady at 4.2%.Meanwhile, the most recent CPI report on the 11th showed inflation below expectations at 2.4% year-over-year in May with core steady at 2.8%. Earlier worries that tariffs was going to at the same ...

[Music] On June 13th, the Environmental Protection Agency released its long-awaited renewable volume obligation proposal for 2026 and 2027 under the renewable fuel standard. The proposal will greatly increase the required volume of biomassbased diesel blended by refiners from 3.35% billion gallons in 2025 to 5.61% 61 billion gallons in 2026 and 2027. The proposal also prioritizes using soybean oil and ethanol produced in the United States and discourages the use of biomass and feed stocks produced outside o ...

I think that we do have to be concerned about Huawei competing on the global market. Uh they may not fully be there yet, but I would expect that to change in the future. And I think that if we're overly restrictive in terms of US sales to the world, I think there'll be a time where we're kind of kicking ourselves saying, you know, when we're and all of a sudden Huawei is everywhere, we'll be saying, well, wait, when we had this whole market to ourselves, why didn't we take advantage of that opportunity and ...

the mechanism, right, is that this is on the AT&T network. $40 a month. Does Cler make any money on that arrangement.We do. Uh uh but most importantly, this adds value to our customer base. I think also like one of my beliefs is that if you have if if we're going to have truly digital financial systems that can recognize uh can come to you, wake you up in the morning and say I can I can save you on the carrier bill, I can save you on the electricity bill.The only thing you need to do is say yes and I'll tak ...

The direction of the Fed next year. You already see record futures wagers in the market, with a lot of investors betting that the next Fed chair will be dovish. But given where we are right now, given the concerns about inflation, especially on the heels of all of this geopolitical tension, do you think that because the president wants lower rates, that the central bank can deliver them.Because I think the big question is, is the president going to appoint a shadow Fed chair. Right. There's a lot of talk th ...

We know your inspectors also reported that there was no systemic weapons program. Does that mean that no smoking gun existed to justify what we are seeing right now and with preemptive invasion. Well, I don't know the metric of a smoking gun how you would define that.I how close are they to making a nuclear weapon. Sir, I have said let me get to that. I have said that no country in the world is enriching uranium at this level of 60% which is technically almost equivalent of uh 90% which is needed to have a ...

The UN nuclear watchdog saying enrichment facilities in Iran have taken direct military strikes. Joining us now is, I'm so pleased to say, the IAEA Director General Rafael Grossi. Director General, you've had a very busy couple of weeks.Thank you so much for making time for us. I want to just start with what damage has been done and what remains operational in Iran. Well, thank you very much.A pleasure to be with you. There has been a number of of there have been a number of attacks since the beginning of t ...

There has been a number of. There have been a number of attacks since the beginning of the operation. First of all, a very important facility in Natanz was badly hit with a full enrichment, operating hole being destroyed completely above ground.I mean, that means and then the electrical substation and power infrastructure in this big facility also being taken out with direct impact on a very important underground enrichment facility, which is which is also there because of the sudden loss of power that caus ...

The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump. The 68-30 vote on Tuesday evening marked a rare moment of bipartisanship in the deeply divided Senate, despite Republicans blocking Democratic efforts to bar Trump from profiting from his many crypto ventures while in office. The Opening Trade has everything you need to know as markets open across Europe. With analy ...