Fed's Williams said the Fed will adjust the supply of reserve balances as market conditions warrant.

The Kremlin said Russia seeks a lasting peace in Ukraine rather than a temporary ceasefire.

Taiwan administration head Zhuo Rongtai said Taiwan faces a ‘‘foreign cultural invasion’’ from platforms including Xiaohongshu and Douyin and that the government would use its powers to protect domestic cultural industries. Taiwan Affairs Office spokesperson Zhu Fenglian rebutted the claim as baseless, said Taiwan culture is part of Chinese culture, and accused the DPP of politicizing and stigmatizing normal cross‑strait cultural exchanges in an attempt to erect cultural barriers between communities.