Fed Chairman Powell: We have identified banks with high commercial real estate risks, especially in office buildings, and are having conversations with them.

Market News: Italy chooses Singapore’s Silicon Box to build chip production capacity. Italian Industry Minister Urso will make a chip announcement next Monday.

Federal Reserve Chairman Powell: We are still a long way from considering launching a central bank digital currency.

Fed Chairman Powell: We are far from making or adopting recommendations for any form of central bank digital currency.

Fed Chairman Powell: I am very adamant that we are not a climate policy maker.

Fed Chairman Powell: On climate issues, we will only do two things, and only two things. The first is (providing) climate stress scenarios, which large banks are already doing; we will also provide guidance on how to assess risks. No new climate initiatives.

German Deputy Chancellor Habeck: Tougher action must be taken against countries that benefit from sanctions.

Fed Chairman Powell: The U.S. economy is performing best among developed countries.

German Deputy Chancellor Habeck: Discussed with U.S. Treasury Secretary Yellen the issue of strengthening the implementation of sanctions against Russia.

Fed Chairman Powell: Unable to determine how regional banks will handle capital.

Market news: Boeing 737 MAX is under investigation by the US National Transportation Safety Board (NTSB) due to rudder failure on February 6.

German Deputy Chancellor Habeck: Germany-Germany relations are rock solid. A solution must be found for the German strike.

Canadian Defense Minister: Canada must invest "more" in military.

Fed Chairman Powell: The number of homes available for sale is "incredibly low."

Fed Chairman Powell: As interest rates and inflation fall, we should see the housing market begin to recover, but it will not solve long-term problems.

Fed Chairman Powell: The number of homes available for sale is "extremely limited."

U.S. natural gas futures fell more than 3.00% during the day and are currently at $1.871/million British thermal units.