Fed's Daly: Even discussing interest rate adjustments is off the agenda.
May's national median home price for existing homes in the United States was $350,300, +23.6% from May 2020.
Visa and PayPal join crypto VC blockchain capital fund - Coindesk.
The price of Bitcoin has dropped below $30,000 for the first time since January.
Sources suggest China intends to keep pandemic border restrictions in place for another year - WSJ
ECB policymakers are still some way apart on new inflation plan, and they hope for an accord by September 9th, according to sources.
Fed's Powell's comments summary:
Fed's Powell: I see the factors affecting inflation fading over time.
Fed's Powell: Enhanced unemployment benefits may be a factor limiting job growth.
Fed's Powell: In the Fall, I believe we'll see a lot more job creation.
Fed's Powell: Basic economics dictates that productivity promotes long-term growth, which is bolstered by investment.
Fed's Powell: When the economy is healthier, we will focus on reducing government borrowing.
Fed's Powell: We can use our powers to help address disparities, but Congress must make a greater effort for further progress.