Iranian state media says a high-ranking military official announced there are no intentions to attack the UAE

UAE: Iranian attacks a serious escalation, direct threat to national security - foreign ministry statement

Good afternoon. I’d like to thank the Cynosure Group for having me here today. Randy often needles me for using overly modern cultural references in my discourse—by which he means those that postdate Cicero. In that regard, I can’t help but point out that Cynosure refers to the constellation commonly known as the Little Dipper, and this event is being held on May the 4th. A perfect alignment of the stars, if there ever was one. Today, I will talk about how the Federal Reserve is working to achieve its dual mandate of maximum employment and price stability at a time of great uncertainty. I’ll also discuss the U.S. economy and monetary policy. And I’ll give my economic outlook. Before I go further, I must give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. NYFED'S WILLIAMS/CYNOSURE: IRAN CONFLICT 'COULD RESULT IN A LARGER AND BROADER-BASED SUPPLY SHOCK THAT HAS MORE SEVERE ADVERSE CONSEQUENCES' #Willliams #FederalReserve #economy NYFED'S WILLIAMS/CYNOSURE: MONPOL 'WELL POSITIONED;' STILL SEE GDP BETWEEN 2% AND 2.25% #Willliams #FederalReserve #economy NYFED'S WILLIAMS/CYNOASURE: MEDIUM AND LONG-TERM INFLATION EXPECTATIONS 'REMAIN SOLIDLY ANCHORED;' STILL SEE INFLATION AT ABOUT 3% THIS YR, 2% NEXT YR #Willliams #FederalReserve #economy