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Federal Reserve Governor Michelle Bowman said on Monday she wanted increased conviction that inflation will decline further this year before lowering interest rates again, particularly given uncertainty around the impact of the Trump administration's new trade and other policies. "I would like to gain greater confidence that progress in lowering inflation will continue as we consider making further adjustments," to a policy rate that the Fed is currently holding steady in the 4.25% to 4.5% range, Bowman said in remarks prepared for delivery to an American Bankers Association conference. The benchmark interest rate "is now in a good place, allowing the committee to be patient and pay closer attention to the inflation data as it evolves," she said, referring to the Fed's policy-setting Federal Open Market Committee.

Federal Reserve Bank of Philadelphia President Patrick Harker sounded an upbeat note on the state of the U.S. economy on Monday, and said he saw no reason to change interest rate policy right now as the central bank continued to work to lower inflation levels. “The current data paints a picture of an American economy that continues to function from a position of strength,” Harker said in the text of a speech to be delivered before a group in Nassau, Bahamas. Inflation remains elevated but appears on track to ease over time, amid “resilient” growth and a balanced jobs market, and “these are reasons enough for holding the policy rate steady,” the official said.

(Bloomberg) -- Investors sold European bonds and bought defense stocks on speculation a meeting in Paris between the bloc’s leaders will point toward higher spending on the continent’s security. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe German 1

(Bloomberg) -- Federal Reserve Bank of Philadelphia President Patrick Harker said monetary policy is well positioned as officials wait for more progress on inflation.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityHarker said policy “remains restrictive”

President Donald Trump has significantly influenced the cryptocurrency industry in recent months, as he has positioned himself as a pro-crypto advocate. His stance has sparked increased market activity, with several cryptocurrencies experiencing notable movements this year and poised for further gains in the coming months.

The investment enables participation in Kinto’s mining program, which rewards asset deposits on the chain with token emission.

Donald Trump has leaned into his unofficial role as the “ crypto president ” in ways that can both help the crypto industry and enrich himself and his family. Once a skeptic of cryptocurrencies, Trump has made a complete reversal and embraced digital currencies in a way no other elected official has done. The cryptocurrency industry, which spent heavily to help Trump win last year’s election, has expressed mixed feelings about some of his crypto ventures.