Elvira Nabiullina, Russia’s central bank chief, is in the news as Russia faces recession risks and oil prices drop, impacting its economy.
Dallas Fed President Lorie Logan stated she sees no need for a rate cut this week, aligning with her stance that the economy remains strong and inflation high. Meanwhile, Kansas City Fed's Jeff Schmid dissented, citing a balanced labor market and ongoing economic momentum. The Fed's next move remains uncertain amid these differing views.