Schmid: I do not agree the Fed's inflation target requires responding to price moves in a specific goods category, such as AI-related tech products.

CBS, citing an unnamed source, reports Mossad chief Roman Gofman is in Washington for talks. The contact between U.S. and Israeli intelligence comes as tensions with Iran are high and reports say Israeli PM Netanyahu is seeking to restart military action against Iran. The source did not disclose the agenda; a separate source said Gofman met CIA director John Ratcliffe in Washington this week.

Zelenskiy said that following Russian strikes the situation in Zaporizhzhia and Dnipropetrovsk oblasts is severe; widespread power outages have occurred and repair work remains underway.