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Federal Reserve's Williams: The eventual rate cut was intended to prevent policy from becoming too tight.

Federal Reserve's Williams: Recent inflation data is reassuring.

Federal Reserve's Williams: Monetary policy is "well-positioned" to support the Fed's goals.

Federal Reserve's Williams: Tariffs are a major driver of inflation, but this pressure should ease this year.

Federal Reserve's Williams: So far, the tariffs have not had a significant secondary impact.

Note: Federal Reserve's Williams did not mention the economic impact of the conflict with Iran in his prepared remarks.

Federal Reserve's Williams: Last year's Fed rate cuts better balanced the policy under the dual mandate.

Federal Reserve's Williams: The impact of tariffs is mainly reflected domestically.

Federal Reserve's Williams: The unemployment rate is expected to decline slightly in the next two years.

Federal Reserve's Williams: The economic fundamentals are solid and the job market is stabilizing.

Federal Reserve's Williams: Inflation is expected to fall to 2.5% this year and to 2% in 2027.

Iran's representative to the United Nations: Iran has not yet contacted the United States regarding possible peace talks.

Ukrainian President Zelensky: If Arab leaders reach a ceasefire agreement with Russia, our army can go to help them.

Driven by risk aversion, emerging market currency indices are poised for their biggest single-day drop since 2016.

On March 3, it was reported that AI chip startup Rebellions has hired JPMorgan Chase as the global lead underwriter for its Seoul initial public offering (IPO), paving the way for the debut of South Korea's most anticipated tech stock. According to sources familiar with the matter, the company plans to file for its IPO in the second half of this year, with a target listing date set for late 2026 or early 2027. Rebellions focuses on AI accelerators optimized for data center inference workloads—the process of running AI models. By emphasizing cost-effectiveness and energy efficiency, the company is seeking to challenge the market dominated by Nvidia. In September 2025, Rebellions raised $250 million in its Series C funding round, valuing the company at $1.4 billion. The hiring of JPMorgan Chase underscores Rebellions' strategy to attract global institutional investors and domestic funding. A successful IPO will provide fresh capital for expanding R&D, deepening manufacturing partnerships, and consolidating its position in the rapidly evolving AI chip market.

International Energy Agency Executive Director Fatih Birol: Today I convened a special meeting of IEA member governments to discuss the oil and gas market situation.