U.S. President Trump said acting Attorney General Todd Blanche "has performed outstandingly" and urged the Senate to promptly confirm him as the permanent attorney general.

Warsh said today's CPI does not mean "mission accomplished" and the Fed will firmly support a 2% inflation target; the Fed has "zero tolerance" for high inflation, expects more limited inflation upticks, will review its inflation framework and plans to eliminate tax provisions with inflationary effects. On the balance sheet, any policy shift would be signaled well in advance to markets; the Fed can begin seriously considering when to resume purchases of Treasury securities. If challenged by Trump, he said he will "fulfill his duties" and seeks to insulate the Fed from political interference. Long term, AI implies substantial productivity gains and is broadly positive for the economy, but he warned against complacency. On employment, price stability and full employment are not mutually exclusive and he is committed to achieving both.

市場消息：美國最高法院大法官卡根和巴雷特出席衆議院委員會就法院預算請求作證。