Gold Pauses After $4K Surge

Good morning, everyone and welcome. It's a privilege to be here today at the Federal Reserve Board with so many of our nation's community bank CEOs. I want to start by thanking our bankers for the essential work you do every day—serving your communities, supporting small businesses and families and keeping local economies strong and growing. Today's event provides us an opportunity to come together and discuss the future of community banking. This great nation hosts the largest and most effective financial system in the world, ensuring that capital flows to those who need it and can put it to productive use. I think of community banks as the foundation of our financial system. You are often the first call for small businesses seeking to grow, for families looking to buy homes, and for anyone seeking to achieve their financial goals. At a time of rapid technological change, a shifting regulatory landscape, and evolving consumer expectations, your work has never been more vital or more challenging. Fed Official Bowman Does Not Discuss Monetary Policy Or Economic Outlook During Community Bank Conference Welcome Speech

Good morning and welcome to the Federal Reserve Board. I am sorry that I'm traveling and could not be with you today. Thank you to Vice Chair for Supervision Miki Bowman for hosting this conference. Thank you also to all the Board staff that made this event possible. Community banks play a vital role in the U.S. financial system because they have strong links to the people and businesses they serve, and direct knowledge of local economic conditions. These close ties allow community bankers to better understand their customers, and the ensuing products and services for those they serve. I saw this clearly when I led the Board's community and regional bank subcommittee as a governor. I have also seen the critical role of community banks in the communities where I have lived, including as a community-bank customer. Federal Reserve's Powell Doesn't Talk About Monetary Policy or Economic Outlook During Welcome Speech at Community Bank Conference.

BESSENT: WILL RELEASE TREASURY BUDGET STMT AFTER SHUTDOWN ENDS US Treasury Sec Bessent Touts Drop In US Deficit-To-GDP Ratio For FY 25’ - Cites CBO Estimate Of Fiscal Year ’25 Federal Deficits - Will Release Trsy Budget STMT After Shutdown Ends US TSY'S BESSENT Q&A: PRIVATE CREDIT CAN BE 'VERY PRO-CYCLICAL, EXACERBATING DOWNTURNS;' PRIVATE CREDIT USEFUL, SHOULDN'T DISADVANTAGE REGULATED BANKS #Bessent #USTreasury #economy #banking Bessent States That Regulatory Rules Are 'Too Tight'

JAPAN'S TAKAICHI: DON'T SEE IMMEDIATE NEED TO REVISE GOVT-BOJ JOINT AGREEMENT VERY IMPORTANT FOR BOJ'S POLICY TO ALIGN WITH GOVT POLICY BOJ IS RESPONSIBLE FOR MONETARY POLICY MEANS BUT ANY DECISION IT MAKES MUST ALIGN WITH GOVT GOAL JAPAN'S TAKAICHI: DON'T WANT TO TRIGGER EXCESSIVE YEN DECLINE Japan's Takaichi: I have never said Japan doesn't need to be mindful of fiscal discipline Japan's Takaichi when asked about fading market bets of BoJ rate hike in October: Japan must achieve demand-led inflation but now we are still seeing cost-led inflation. - JAPAN'S TAKAICHI DECLINES COMMENT, WHEN ASKED ABOUT LIKELIHOOD OF NEAR-TERM BOJ RATE HIKE