Market news: Israeli government departments have been instructed to prepare to take hostages.
Lagarde, the president of the European Central Bank, defended the two main targets of Trump's complaints: monetary policymakers and global trade. Lagarde suggested that Trump visit Frankfurt to learn how difficult the job of Federal Reserve Chair Jerome Powell, whom he often criticizes, is. In an interview, she talked about the vulnerability of monetary policymakers to political criticism. Lagarde also said that Trump's idea that setting interest rates is easy is not correct. In addition to mone...
On August 13, Kirby, the spokesperson for the White House National Security Council, said that the United States is ready to respond to a major attack by Iran or its Middle East proxies this week. Kirby said that after Iran and Hamas blamed Israel for the assassination of a Hamas leader in Tehran last month, the United States has stepped up its military deployment in the region and shares Israel's concerns about a possible Iranian attack. "We share the same concerns and expectations as the Israe...
Mr. Schmid, the president of the Kansas Fed, signalled he was not ready to support a rate cut because inflation was above target and the labour market remained healthy, albeit somewhat cooler. In remarks to the Kansas Bankers Association, Mr. Schmid said the recent drop in inflation was "encouraging" and that more reports of low price pressures would increase his view on inflation.