Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.

The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.

The Treasury chief also predicted that the US economy will accelerate "on a non-inflationary basis for the rest of the year."

Falling oil prices also ease pressure on the Fed to raise interest rates to fight inflation. Swap contracts priced in slightly lower chances of more than one hike in the next year.

The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.

Greenspan's 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment.

He also noted that Fed policy moves rarely occur as one-off actions, with rate changes more often coming in a series of two or three.

The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.

Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.

The moves on Monday pushed yields lower on most tenors, led by shorter maturities that are among the most sensitive to changes in monetary policy.

The New York Fed's open markets desk plans to conduct the reserve management purchases over the monthly period ending July 13 and conduct about $16.5 billion in reinvestment purchases over the same time.

The catalysts for higher rates are strengthening even as President Donald Trump renews his calls for looser monetary policy on the eve of the first Fed policy meeting led by new Chairman Kevin Warsh.

The Federal Reserve governor warned in a speech Saturday that lower capital requirements and lighter supervision could create a credit 'sugar high' that could spur excessive risk-taking, with potentially significant long-term consequences.

Members of the House Financial Services Committee pressed prudential bank and credit union regulators about the potential risks of bank lending to private credit firms in a hearing Thursday.

A retrospective paper on the former Federal Reserve chair's tenure offers takeaways that speak directly to his successor's policy agenda.

Beyond developments in the Middle East, a big focus will be Friday's release of monthly employment figures, which are projected to show the labor market remained resilient in May.

Through May 27, the Bloomberg Treasury Index gained 0.7% on the week, on course for its best weekly performance since Feb. 27, the day before the war started.

Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank's 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.

US 10-year yields are poised to snap their longest streak of declines in six months, advancing one basis point to 4.49% due to waning optimism that a peace deal may soon be reached to the end the war between the US and Iran.

The 30-year bond's yield, which has closed above 5% every day since May 12, approached 4.98% at one point.