KEVIN WARSH said he will not pre-judge the C.BANK's interest-rate decision.

Last week a New York Times reporter was served with a subpoena alleging "violations of federal criminal law" two days after publishing a story that contradicted Trump’s claim that Qatar offered to fund a new Air Force One. The reporter suspects the subpoena was rushed in response to Trump’s anger at the coverage. New York Times executive editor Joe Kahn called the subpoenas "impulsive" in a staff memo and condemned the "blatant intimidation of individual reporters," urging courts to reaffirm legal protections for newsgathering. FBI Director Kash Patel was summoned to the White House on Friday for a leak-investigation meeting shortly before the subpoena was served. First Amendment lawyer Floyd Abrams said he could not recall a precedent for a president intervening so directly to compel reporters to disclose sources and said the public has a strong, legitimate interest in knowing the truth in such matters.

Federal Reserve Chair Kevin Warsh said he and his colleagues recognize that high inflation has been an undue burden on U.S. households and businesses, and that over the longer run potential inflation is largely determined by monetary policy.