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ECB cuts rates to 2.0% from 2.25% June 2025. This is the eighth such cut in a year. Inflation in Eurozone is 2.0%.

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This WSJ editorial says about the US Fed guaranteeing the 90% of uninsured deposits at Silicon Valley Bank to prevent systemic risk, that the 250,000 limit was set by Congress to protect average Americans not venture investors in Silicon Valley. Venture capital investors and startups in Silicon Valley put large amounts into the bank. It says the San Francisco Fed regulates Silicon Valley Bank and failed to perform its regulatory function. And adds that the idea of elevating San Francisco Fed president Mary Daly to the Federal Reserve Board of Governors now seems preposterous. Fed, Treasury, and the bankers all have to take the blame. The Guardian reports that the CEO of SVB lobbied to reduce the regulatory impact on his bank. By choosing higher returns from long term Treasury bonds and expanding too quickly this created the conditions for the collapse, and then rescue by the Fed and Treasury in the all to familiar pattern since 2008.

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Spotlight on Bernanke Fed and crisis management. What is different about this crisis and what is the Fed doing about it, and the role of Treasury under Paulson, to restore investor and markets confidence while continuing good macro policies such as the focus on inflation and longer term financial goals.

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The different opinions of Fed Governors of Kansas City and Boston show the divergence of opinion that is being heard by the Fed chairman Jay Powell as he plans smaller interest rate increases in 2023. Susan Collins of the Boston Fed is concerned about the effects on unemployment. Kansas City Fed's Esther George is concerned about the Fed not staying in the fight against inflation long enough. Powell says "We wouldn't ... try to crash the economy.. and then cleanup afterwards. I wouldn't take that approach at all." The difficult aspect of the interest rate increases is that it takes about 1 year to know the full effects of rate increase.

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According to Fidelity Investments about 27% of retirement age investors 55-59 have stock allocations at least 10% higher than what is normal for this age group.

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The Director General of the National Council of Applied Economic Research in India, Suman Bery, says that of all the countries in the G-20, India is least dependent on export led growth. This is why India gains from a reactivation of the American economy. This view was expressed by Prime Minister Manmohan Singh during President Obama's visit to India. Singh supported the Fed's move to purchase $600 billion in Treasury securities.

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The U.S. economy generated 280,000 jobs in May 2015, according to the Labor Department. The unemployment rate increased slightly to 5.5% as more Americans were looking for jobs. This report suggests the weak 1st quarter jobs numbers are a temporary situation from the severe winter.

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Responding to questions about bubble actvities in the economy at an IMF question and answer session and discussion with the IMF's Christine Lagarde, the U.S. Fed's Janet Yellen says she prefers to depend on regulation tackle this problem. Using interest rates as a tool would lower growth. "The potential cost, in terms of diminished performance, is likely to be too great to give financial stability risks a central role in monetary policy decisions, at least most of the time," said Yellen.

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See the link about an aging USA airline fleet and fewer orders to Boeing and Airbus from US airlines. Well here are some of the remarks and comments from employees who interact with customers every day and know their unhappiness and their trouble on planes in direct telling it like it is manner. At US Airways Doug Parker the CEO wants to hear what employees have to say and here is some of it.