Fed's Collins said a cautious policy adjustment is appropriate.

LOGAN said the U.S. Treasury market is functioning well and trading remains orderly even amid significant rate moves.

The White House on Friday denied a Semafor report that NEC director Kevin Hassett is seeking an outside job and expected to leave the administration in coming weeks. Officials called the report unfounded and said Hassett remains a key member of Trump’s economic team who will continue to advance the president’s economic policy. Semafor had named Treasury secretary Bessent and adviser David Zervos as potential successors; the White House rejected that Hassett is about to depart.