Fed Chair Jerome Powell: Inflation is causing major hardship to marginalized people in society.

Fed Chairman Powell: High inflation poses major difficulties.

European Central Bank executive member Schnabel: In the long run, weakening bank profitability may expose persistent problems of overbanking in the euro area and lack of European-wide bank consolidation, which the ECB cannot solve alone.

European Central Bank executive member Schnabel: If it is necessary to maintain financial stability and smooth transmission of monetary policy, the European Central Bank has the tools to provide liquidity to the euro zone financial system.

European Central Bank executive member Schnabel: As long as necessary, the European Central Bank will keep interest rates at restrictive levels.

European Central Bank executive member Schnabel: The ECB can continue to take actions to restore inflation to target levels.

European Central Bank executive member Schnabel: The European Central Bank can continue to take necessary measures.

EU Telecoms Regulators Group: Mandatory financial charges could lead big tech companies to pass on higher costs to customers, could affect EU net neutrality principles.

EU group of telecom regulators: has reservations about imposing mandatory financial charges on telcos from big tech firms, which could be detrimental to smaller telcos.

EUTRO: Care should be taken as to whether regulatory intervention is really necessary.

EUTRO: We are not aware of structural interconnection problems related to the growing traffic of big tech companies.

EU Telecoms Regulators Group: Mandate Big Tech to Pay Telecom Service Providers to Help EU Countries Meet Connectivity Targets Questionable.

EUTRO: We see a limited link between data growth and the level of investment to meet rising network costs.

The leaders of the Group of Seven urged Iran to stop its nuclear upgrade and called on Iran to immediately fulfill its non-proliferation obligations.

The G7 leaders called on Russia to return to full implementation of the New Strategic Arms Reduction Treaty (New START).

US White House: Leaders of the Group of Seven countries issued a joint statement promising to achieve a "nuclear-free world".

The French CAC 40 index rose by 1.00% on the day.

German Chancellor Scholz: The main focus of the sanctions is to prevent Russia from bypassing the already imposed sanctions.