Rich Higgins

Vance: We believe that the fed should be lowering interest rates. We feel quite confident that if you look at the inflation numbers, that it's proper and responsible for the federal reserve to lower interest rates

Also some Fed news: I asked Trump this morning about Warsh starting as Fed chair -- I pointed out investors are now pegging a higher chance of a rate HIKE rather than cut by end of year and asked him whether he thinks Warsh will deliver a cut "I'm going to let him do what he wants to do. He's a very talented guy, he's going to be fine, he's going to do a good job"

This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers. The IG has the authority to hold the Federal Reserve accountable to American taxpayers. I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas. Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry. Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.

Speech by Governor Barr on artificial intelligence and the labor market: federalreserve.gov/newsevent… Learn more about Governor Barr: federalreserve.gov/aboutthef…

President Trump on Fed Chair Powell: "He's renovating a small building, it's the most expensive construction job in history...he either doesn't know what he's doing or it's worse than that. And you know what I mean by worse. So, hopefully he'll be out of there soon."

The ECB and other European and international central banks stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell. The independence of central banks is in the interest of the people we serve.