Fed Governor Cook said he is cautious about AI's potential to trigger a major restructuring of work practices.

President Trump signaled he is cooling support for a ban on U.S. diesel exports after Energy Secretary Chris Wright and Interior Secretary Doug Burgum warned a full ban could have unintended price effects. A senior White House official indicated Europe may soon add diesel supply to the market. The White House is weighing measures short of an outright export ban to lower diesel costs, including encouraging European countries that rely heavily on U.S. diesel to release inventories. Trump said officials warned a ban might help diesel but push up other commodity prices and that oil prices "will start to fall," with gasoline rising slightly and diesel declining slightly.

Fed Governor COOK said he is concerned about when productivity gains may feed through to inf.