Fed Chair Kevin Warsh said he expects to achieve partial results before autumn and that working groups will complete their work by year-end.

New Zealand Q1 GDP YoY 1.5% (exp. 1.1%); prior revised from 1.3% to 1.5%.

Suizhou, Hubei, will push its special-purpose vehicle and emergency-equipment industries toward new-energy, intelligent, high-end and integrated manufacturing, and aims for industry output to exceed 100 bln yuan by 2030 to build China’s largest mobile emergency-equipment integrated base and consolidate a national-leading position. The city also plans upgrades in agricultural-product processing and metallurgical building materials, targeting industry clusters of about 100 bln yuan and 50 bln yuan, respectively.