Williams said monetary policy is monitoring how energy prices affect inflation.

President Trump said he believes a war with Iran could break out again but any such conflict would end quickly; the U.S. is not seeking a long war. He warned the U.S. would retaliate if Iran attacked and said any military action would be carried out swiftly.

China’s 15th Five-Year Plan for human resources and social security, published July 9, says urban new employment will remain sizable over the next five years. Targets include re-employing 25.0 mln urban unemployed, placing 6.5 mln people with employment difficulties into jobs, and keeping the surveyed urban unemployment rate at or below 5.5%. The plan calls for more than 50.0 mln subsidized vocational-training enrollments, including 17.5 mln for migrant workers.