US governors

Federal Reserve Governor Lisa Cook said she expects additional inflationary pressures ahead, a signal that US central bankers remain cautious about the pace of price growth. Her comments add to debate over how long the Fed will hold interest rates steady and whether further policy tightening may be needed.

California Governor Gavin Newsom has signed legislation creating a new label for foods that are not ultra-processed, part of a package of health bills the governor's office describes as advancing the state's nation-leading healthcare strategy. California is positioning itself at the forefront of US food and health regulation, following earlier measures on additives and school nutrition, as scrutiny of ultra-processed foods grows nationwide.

Ohio Governor Mike DeWine says the state will hold prediction-market platform Kalshi accountable for operating illegally, following a court ruling in the case. The move signals a continued state crackdown on the company's sports-event contract offerings, which regulators argue amount to unlicensed gambling. The enforcement effort is drawing attention as part of a wider legal battle over Kalshi's operations across US states.

Kentucky Governor Andy Beshear has hinted at a possible run for the US presidency during a visit to a church. The remarks, made in a religious setting, fuel speculation that the Democrat is positioning himself for a national campaign. Details of what exactly he said remain limited, and he has not formally announced any candidacy.

The governor of Mexico's central bank, Banxico, said the institution can chart its interest rate path independently of the US Federal Reserve. The comments signal that Mexican monetary policy does not need to mirror US rate moves, a point of close attention for markets weighing inflation and peso dynamics as the Fed's own policy path remains uncertain.