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23:05
New Fed Chair Waller: Leading a Reform-Oriented Federal Reserve
On May 23, Waller was sworn in as the 17th Chair of the Federal Reserve at the White House on Friday. Waller stated, "The mission of the Federal Reserve is to promote price stability and full employment." He said, "When these goals are pursued with wisdom and clarity of thought, independence and determination, inflation can be reduced, economic growth can be stronger, real wages can be higher, and America can be more prosperous. Equally important, America's position in the world will be more secure." He added, "To fulfill this mission, I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes, breaking free from static frameworks and models, while upholding clear standards of integrity and performance."
22:52
Trump: The Fed Will Make Its Own Decisions
Jinse Finance reported that on May 23, U.S. President Trump stated: The Federal Reserve will make decisions independently.
22:33
Senegal’s finance minister warns that fuel subsidy deficit may exceed the $2 billion budget.
Diba revealed that Senegal is expected to resume negotiations with the International Monetary Fund on a brand-new financing plan during the week of June 8, with hopes of reaching an agreement on the core issues before June 30. He admitted that the primary point of contention between both parties currently lies in the debt resolution approach. President Bassirou Diomaye Faye has previously proposed an innovative plan to IMF Managing Director Kristalina Georgieva as an alternative to traditional debt restructuring. Diba did not disclose the specific details of this plan, only emphasizing that “given the complexity of our country’s debt structure,” the plan would not only be more efficient but would also come at a much lower financial cost.
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