Headlines May 4

• Fed's Kashkari: Th Fed has powerful tools if inflation surprises to the upside.
• The Japanese government is considering extending the state of emergency in Tokyo and other areas beyond May 11th, according to media.
• RBNZ's Deputy Gov. Bascand: There is a greater risk of a house price correction than there was before.
• New Zealand Employment data came in better than expected across the board. New Zealand dollar strengthened.