Russia is looking to sell energy sources to ‘friendly’ nations in Bitcoin

Thank you, Sandy,1 for the excellent presentation on economic developments in the region and for the invitation to speak to the Detroit Regional Chamber this morning. The Chicago Fed has been very fortunate to have you on our Detroit Branch board of directors since 2017. I’ve been very grateful for your many contributions, among which of course are your keen insights on the Detroit and Michigan economies. These and other information we pick up from business and community leaders—many at events such as this one—are very important inputs into my thinking on monetary policy. Before I begin my formal remarks, I want to acknowledge the substantial hardships the Ukrainian people are enduring as a result of Russia’s invasion. This is just an awful event. May the people of Ukraine and all who are affected by this crisis remain strong and as safe as possible. And I should note, too, that the views I share with you today are my own and do not necessarily represent those of my colleagues on the Federal Open Market Com tweet at 9:54am: #Fed's Evans: Own View Of Appropriate Rate Path Is In Line With Median Fed View: -Monetary Policy Must Shift To 'Timely' Removal Of Accommodation -Higher Inflation Would Become Embedded In Expectations If Policy Doesn't Respond 1/2 tweet at 9:54am: 2/2 -US Economy Has Solid Momentum, Labour Market Is 'Downright Tight' By Some Measures -Ukraine Crisis, Pandemic Both Pose Upside Risk To Inflation, Downside Risk To Growth -Fed Must Be Cautious, Humble, Nimble; Policy Not On Pre-set Course $USD tweet at 10:06am: FED'S EVANS: MY OWN VIEW IS THAT GIVEN PRESSURES I SEE I WOULD BE COMFORTABLE WITH 25 BPS RATE HIKES || BY NEXT MARCH RATES WOULD BE AT NEUTRAL, AT THAT PACE tweet at 10:07am: EVANS: MAYBE A 50 BPS HIKE HELPS, I'M OPEN MINDED

Latest 'flash' PMI- data from S&P Global signalled an uptick in output growth across the US private sector in March, as the pace of expansion quickened to an eight- month high. ...

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 51 billion cubic feet for the week ended March 18. That compared with ...