The scammers in at least one case were going door-to-door to request homeowners’ personal information.
Federal Reserve officials on Friday said there was no indication financial stress was worsening as they gathered at a policy meeting this week, a fact that allowed them to stay focused on lowering inflation with another interest rate increase. In separate appearances, three regional Fed bank presidents said they ultimately concluded that the March 10 collapse of Silicon Valley Bank along with other developments did not undermine confidence in the strength of the U.S. banking system as a whole, with one dismissing the California-based lender's failure as not relevant to how other banks are managed. "It was a quirky situation," St. Louis Fed President James Bullard said in comments to a St. Louis community group.
If Libya's legislative bodies are unable to agree on electoral laws in a timely manner "we will look at what alternative we will find", the U.N. Libya envoy said on Friday, indicating he would not accept moves to derail a march to elections. Envoy Abdoulaye Bathily is seeking to break Libya's long internal stalemate with an election this year to replace transitional political bodies that have long outlived their mandates. He announced a new initiative last month to speed up the political process, prompting the two legislative bodies, the House of Representatives (HoR) and the High State Council (HSC), to set up a committee to look at electoral laws.