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A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target, minutes of the April 28-29 Federal Open Market Committee meeting showed. Mike McKee reports.

David Kelly, chief global strategist at JPMorgan Asset Management, expects that Federal Reserve Chair-Elect Kevin Warsh is likely to vote to hold interest rates steady at next month's meeting while seeking to build consensus with his new colleagues.

UK inflation fell to its lowest rate in more than a year, prompting traders to bet on fewer Bank of England interest-rate hikes even though economists expect price pressures to return. Bloomberg's Sam Unsted reports.

OECD Secretary General Mathias Cormann discusses the impact of the conflict in the Middle East on the global economy, saying the Iran war is putting "downward pressure on growth and upward pressure on inflation." He speaks to Bloomberg's Oliver Crook on the sidelines of a Group of Seven meeting in Paris.

RBA minutes revealed a tight debate over the May cash rate decision before the central bank delivered a third consecutive hike to 4.35%.

Kim Crawford, global fixed income portfolio manager at JPMorgan Asset Management, and Laura Cooper, global investment strategist and macro credit head at Nuveen, discuss the selloff in global bond markets as a fragile ceasefire between the US and Iran extends past 40 days and a deal to reopen the Strait of Hormuz remains elusive. They speak on Bloomberg Television.

Federal Reserve Governor Michael Barr says shrinking the central bank's balance sheet is the "wrong objective." He spoke May 14 at a Money Marketeers of New York University event.

Bloomberg's Mike McKee discusses the challenges facing incoming Federal Reserve Chair Kevin Warsh on "Bloomberg Open Interest."

Federal Reserve Governor Stephen Miran speaks about inflation from supply shocks, how the central bank can work with the Treasury and White House going forward, and reflects on his time at the Fed.

Panmure Liberum economist Simon French discusses the UK economy and the political crisis surrounding Prime Minister Keir Starmer. Gross domestic product grew 0.6% in the first quarter, a jump from the 0.2% in the previous three months and the fastest expansion for a year. French speaks on Bloomberg Television.