DALY said inf remains above target but she does not see signs of insufficient economic resilience, which she said is a positive sign for the US economy.

White House National Economic Council director Hassett criticized former Fed chair Powell for remaining on the Federal Reserve, saying Jay Powell not stepping down is "extremely unusual" and that his staying blocks the administration from nominating new Fed governors. Hassett also said most Fed voters "did not vote out of patriotism but because they wanted to remove Trump." Powell, whose board term runs to January 2028, said he will remain for now. He has said an investigation into a Fed building project appears politically motivated and in April said he would leave "when I think appropriate." The Fed board currently has only one member nominated during Trump's re‑election: new chair Kevin Warsh.

RMB internationalization remains a policy priority. Hong Kong, as an international financial centre and offshore RMB hub, is implementing measures to deepen the offshore RMB market and strengthen mainland–Hong Kong market connectivity. Authorities are promoting wider corporate use of RMB in trade and financing to ease cross-border operations and reinforce Hong Kong’s conduit role between the mainland and global markets. Industry feedback highlights frictions: corporate inertia toward other currencies, legacy operational and accounting systems that do not support RMB transactions, and limited awareness or cost‑benefit analysis of RMB banking products. Hong Kong authorities are consulting with industry and mainland policy departments to identify practicable solutions.