Russia says it mined enough gold to beat China

TRUMP: TRYING TO SEPARATE ISSUE OF OPENING HORMUZ STRAIT AND HOSTILITIES IN LEBANON Trump: Hormuz would open quickly when an MOU is signed. *TRUMP: HORMUZ WILL OPEN WHEN MOU SIGNED TRUMP: US WILL DIG OUT NUCLEAR MATERIAL IN IRAN IN NEAR FUTURE *TRUMP: DON'T THINK THERE ARE ANY MINES IN STRAIT OF HORMUZ

Trump on Iran: We could go another two to three weeks. *TRUMP: WE'VE BEEN HITTING IRAN PRETTY HARD Trump: Anything can happen when you are dealing with Iran. *TRUMP ON IRAN NEGOTIATION: COULD HAPPEN OVER THE WEEKEND TRUMP ON IRAN: THEY ARE CLOSE TO SIGNING PAPERS

Good afternoon. Thank you, Arturo [Barrio], for the generous introduction. It’s great to be back here. In my travels, I have many opportunities to thank people for welcoming me to their communities, and the welcome is never warmer than in El Paso. But I want to turn the tables today and welcome Arturo to the Dallas Fed. Our regional executives build the relationships that connect the Federal Reserve to the communities we serve. Those relationships help policymakers like me understand the economy. Equally, those relationships afford all of you the opportunity to help shape the Fed’s work. I’m so pleased to have a leader of Arturo’s caliber filling this role. And I’m delighted that Roberto Coronado, who preceded Arturo as regional executive, will remain in El Paso. Roberto will continue to connect with the community here while bringing his leadership acumen to broader responsibilities as head of community engagement and development throughout the Dallas Fed’s district. It’s wonderful to see so many special guests, including current and former board members of the Dallas Fed and our El Paso branch. And I’m honored to share the stage with a distinguished public servant, UTEP’s president, Heather Wilson. Dialogues like the one we’re having this afternoon are at the heart of the Fed’s mission. The Federal Reserve System is our nation’s central bank, but it is a decentralized institution. The system includes the Board of Governors in Washington and 12 Reserve Banks serving districts around the country. The Reserve Banks, in turn, have an additional 24 branch offices. I’m proud to say the Dallas Fed’s El Paso branch is believed to be the v FED'S LOGAN SAID SHE IS INCREASINGLY CONCERNED THAT HIGHER INTEREST RATES MAY BE NEEDED LATER THIS YEAR, CITING INFLATION'S SLOW RETURN TO THE FED'S 2% TARGET.