Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking system is safe, Federal Reserve Chair Jerome Powell told Congress on Wednesday.
Support for Japanese Prime Minister Fumio Kishida's cabinet slid 12 percentage points to 33%, coming off a peak during a Group of Seven leaders summit in Hiroshima, the Mainichi Shimbun reported on Sunday, citing its own poll.
Turkey's central bank is expected to raise its policy rate by a huge 1,150 basis points next week, from 8.5% to 20%, a Reuters poll showed on Friday, in a policy U-turn after rate cuts under President Tayyip Erdogan led to a cost-of-living crisis.
Helped by buoyant oil prices and a period of political calm at home and in the region, Iraq appears more stable than any time since the U.S.-led invasion, although the government's bid to cement gains with a budget splurge may prove a shaky foundation.
Federal Reserve Chairman Jerome Powell said on Wednesday that financial conditions are likely to allow the central bank to press forward with the drawdown of its massive balance sheet through the remainder of the year.