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Federal Reserve's Williams: Strong productivity is not just due to the rise of artificial intelligence.
Federal Reserve's Williams: The Federal Reserve's ample reserve system is functioning well.
1. Russian Defense Ministry claims massive strikes against Ukrainian military-industrial enterprises. 2. Ukraine claims largest airstrikes by Russian forces since the start of the conflict. 3. Two workers injured in attack on Zaporizhia nuclear power plant. 4. Gasoline and diesel production halted after drone attack on Astrakhan gas processing plant. 5. Putin: Russia's overall industrial output has increased by 12% compared to pre-sanction levels. 6. IAEA Director General calls for maximum restraint from all parties. 7. European Commission President Ursula von der Leyen: A €6 billion drone support plan for Ukraine is being finalized.
Federal Reserve's Williams: The job market is not "hot," but it has not slowed down significantly either.
Federal Reserve's Williams: The job market has shown signs of stabilization.
Federal Reserve's Williams: Long-term inflation expectations are relatively stable.
Federal Reserve's Williams: Not surprised by the recent rise in inflation expectations.
Federal Reserve's Williams: The labor market is not driving inflationary pressures, and the labor market is not tight.
Federal Reserve's Williams: The impact of tariffs appears to have largely been transmitted to the economy.
Federal Reserve's Williams: Now is not the time to worry about the Fed's independence; staff are focused on fulfilling their duties and missions.
Israel Defense Forces: Recently, the Israeli Air Force detected and intercepted a suspicious aerial target in an area where Israeli soldiers were operating in southern Lebanon. In accordance with procedures, no air raid sirens were activated.
On May 15, according to the Islamic Republic News Agency (IRNA), Iranian Foreign Minister Araqchi met with Indian Prime Minister Modi in New Delhi, India, on Thursday to discuss the war situation and regional security issues. Araqchi briefed Modi on the current conflict and its impact on the region. Modi emphasized the importance of regional stability and security and stated that India is ready to support regional security efforts.
Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will participate in a discussion in ten minutes.
A CIA official confirmed that CIA Director Ratcliffe met with Cuban leader Laulito Castro, Interior Minister Álvarez Casas, and the head of Cuban intelligence in Havana.
May 15 - According to CNN, amid escalating tensions between the US and Cuba and the collapse of Cuba's energy system, the Cuban government stated that CIA Director John Ratcliffe led a US delegation to Havana on Thursday for talks with Cuban government officials.
A senior U.S. State Department official (regarding the talks between Israel and Lebanon): We had a full day of in-depth exchanges. We look forward to continuing the talks on Friday and hope to share more information then.
On May 15th, the U.S. House of Representatives narrowly rejected a Democratic-led resolution aimed at halting war against Iran. The resolution would have required a cessation of hostilities unless authorized by Congress. The vote was 212-212, failing to secure a simple majority. This was the third time this year that the House had voted on a war powers resolution against Iran, and the first since the 60-day war deadline expired on May 1st. According to regulations, Trump was required to explain the war to Congress before that deadline. Trump had previously declared that the ceasefire had "ended" hostilities against Iran. The margin of victory in each vote has been narrowing. The previous vote was 213-214, with one senator casting an "attendance vote." The Senate vote was similarly tight. On Wednesday, the Senate blocked a war powers resolution by a vote of 50-49, with three Republican senators and all but one Democratic senator voting in favor of the measure.
According to CNBC, sources say SpaceX's initial public offering (IPO) prospectus could be released as early as next week.
Foreign central banks held $39.239 billion in U.S. Treasury securities in the week ending May 8, compared with a previous week's figure of $8.74 billion.
Faraday Future (FFIE.O) announced its financial results for the first quarter of 2026. The company upgraded to a "physical artificial intelligence company," and its EAI robots have achieved positive ecosystem revenue and gross profit. The company raised its robot shipment target for 2026 to 1,500 units and plans to launch a new robot in early June.
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