The European Union's top officials must be replaced as they do not deserve another chance after the impending European Parliament elections, Hungarian Prime Minister Viktor Orban said on Friday. Budapest has also been locked in disputes with the European Commission over rule-of-law reforms that have resulted in the suspension of billions of euros' worth of EU funds for Hungary.
During jury selection on Thursday, seven jurors were seated, bringing the total number to 12. Six alternates still need to be chosen before opening arguments in the case against former President Donald Trump can begin.
"Given the strength of the labor market and progress on easing inflation seen over a longer arc, I believe the Fed's current restrictive monetary policy is appropriate," Goolsbee said in brief remarks prepared for a moderated discussion at a conference in Chicago held by the Society for Advancing Business Editing and Writing. The belief that rates will need to stay high for longer to get price pressures moving down again is now the dominant view at the Fed. The U.S. central bank has kept its policy rate in the 5.25%-5.50% range since last July, and just a few weeks ago most policymakers, including Goolsbee, thought at least three rate cuts this year would be appropriate.
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