Federal Reserve Bank of Minneapolis President Neel Kashkari said it was premature to judge what impact the collapse of Silicon Valley Bank will have on the economy, but the Fed also needs to focus on lowering inflation.
Federal Reserve Bank of Boston President Susan Collins said the banking system is sound and more interest-rate increases are needed to bring down inflation.
Texas state bar regulators are pushing to revive their disciplinary case against conservative attorney Sidney Powell after a judge tossed it out due to “numerous defects” in court documents.
President Joe Biden is digging in against Kevin McCarthy on the debt ceiling as the White House seeks to exploit divisions in the GOP caucus and a House speaker they believe lacks the votes to pass a budget proposal.
Egypt resumed a cycle of monetary tightening as the central bank tries to tackle inflation that’s been stoked by currency devaluations.
German inflation eased significantly, thanks largely to natural gas costs tumbling following their surge after Russia invaded Ukraine just over a year ago.
Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said the recent sharp moves in securities linked to Deutsche Bank AG was driven by financial speculators rather than the lender’s fundamentals.
Two US lawmakers proposed legislation that would set minimum staffing ratios in hospitals and establish whistleblower protections for nurses in response to high turn in the wake of the pandemic and a series of recent labor strikes.
Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender’s next president after nominations closed Wednesday with no country proposing an alternative candidate.
Fitness firm F45 Training Holdings Inc. is having its best session of the year so far after giving a bigger role to early backer Mark Wahlberg.
