BoC's Senior Dep. Gov. Rogers: Over the longer term, trade tensions are a bigger threat to the economy than higher oil prices

BoC's Gov. Macklem: If energy prices stay higher for longer, there could well be a need to raise the policy rate. BoC's Gov. Macklem: AI is not having a big effect on our policy decisions right now. BoC’s Macklem: No Set Timeline For Possibly Raising Rates BoC's Gov. Macklem: There is no risk-free path for the policy interest rate. BoC's Gov. Macklem: If we'd raised the rate now and oil prices had then gone down, by the time the rate was impacting the economy, we would wish we hadn't raised the rate.

*WARSH FED NOMINATION HAS ENOUGH COMMITTEE VOTES TO ADVANCE Senate Banking Committee Approves Fed Chair Nominee Warsh, Advances To Full Senate Vote Kevin Warsh's Fed nomination clears the Senate Banking Committee, as expected, on a 13-11 party-line vote. He receives no Democratic support. Sen. Warnock says he is disappointed at Warsh's answers to written questions. "Did he take this process seriously?" This is the first ever party-line vote for a Fed chair out of committee. Until 2020, party-line votes for any Fed nominees were unusual. The previous two Fed chair votes (both Powell) were approved on votes of 22-1 and 23-1.

BoC's Gov. Macklem: Wouldn't characterise today's comments as forward guidance. BoC's Gov. Macklem: It is useful to convey how we would handle various potential outcomes.

GHALIBAF: TRUMP PRESSURING IRAN TO SURRENDER - TASNIM IRAN’S GHALIBAF: US PRESIDENT TRUMP SEEKS IRAN SURRENDER VIA ECONOMIC PRESSURE - FARS GHALIBAF: ENEMY STOKING INTERNAL DIVISIONS TO WEAKEN IRAN