Federal Reserve Chair Jerome Powell said at an event that policymakers aren't in a rush to reach a "neutral" level for interest rates and will respond to economic data as it comes in.

Donald Trump is weighing a push from right-wing allies to nominate Kash Patel to lead the FBI, one of the clearest indications Trump plans to stick by his vow to fire Director Christopher Wray before his 10-year term ends and replace him with a loyalist.

In his address to the World Affairs Council, Jerome Powell also expressed confidence that the US economy would be able to cut inflation to 2% gradually without any price surprises and without any growth surprises too. In short, strength in the economy and the labour market can be maintained.