Federal Reserve's Barkin said artificial intelligence development has had inflationary effects in the short term.

President Trump said the Senate has still not passed the Sunshine Protection Act, which would make daylight saving time permanent. He said he avoided pushing the measure before the election to prevent hurting certain senators’ campaigns, noted the House repeatedly sent the bipartisan bill to the Senate but it was never taken up, and said he will continue to press for it despite other urgent priorities.

U.S. Treasury issued an advisory to industry warning of the risks of transacting with vessels that may be falsely flagged.