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Philadelphia Federal Reserve President Patrick Harker did not comment on the outlook for the economy or monetary policy in prepared remarks for a speech to a financial technology innovation conference on Thursday. Harker instead argued that "given the Federal Reserve System's preeminence in matters of financial stability and security, it is a no-brainer that we should seek to become not just thought leaders but thought-and-practice leaders" in the financial technology space.

The move comes amid U.S. President Donald Trump's drive to minimize federal spending through billionaire ally Elon Musk's DOGE government reform team, which is working to cancel contracts and shrink agencies. The 71% discount as part of an agreement with the U.S. General Services Administration (GSA) could generate up to $2 billion in cost savings for federal agencies if there is government-wide adoption, Google said on Thursday.

Several private- and public-sector economists have warned that tariffs recently enacted by the Trump administration risk boosting inflation and slowing economic growth.

Most of the Bank of Mexico's five governing board members agreed that the risks associated with U.S. President Donald Trump's tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision showed on Thursday. Inflation forecasts remain uncertain, the board members noted in the minutes, adding that although the balance of risks for the trajectory of inflation remains biased to the upside, it has improved. "The changes in economic policy by the new U.S. administration have added uncertainty to the forecasts," the minutes noted.

Federal Reserve Governor Michelle Bowman told lawmakers on Thursday that she would overhaul how the U.S. central bank monitors large banks, encourage innovation, and pursue "pragmatic" rules for the financial system. Testifying before the U.S. Senate Banking Committee, Bowman said the current regulatory system should be streamlined. If confirmed to oversee bank regulation at the Fed, Bowman said she would work to ensure regulators prioritize simpler rules for smaller banks, and bank supervisors provide clear guidelines for the institutions they monitor.

NABTU argues that a Biden-era executive order mandating project labor agreements is still in effect, despite the Trump administration’s moves to curb their use.

US tariffs, especially on metals such as steel and aluminium, could particularly impact Germany's economic growth this year.View on euronews