On June 13, local time, the U.S. Department of Labor released CPI data for May。According to the published data, the US CPI in May increased from 4 in April..9% fell more than expected to 4%, the 11th consecutive decline, hitting a new low since March 2021。

On May 28, U.S. President Joseph Biden said he had reached an agreement on the debt ceiling with House Speaker Kevin McCarthy, and that the agreement would be submitted to the House of Representatives on May 31 for a vote.。

On May 12, the White House announced that U.S. President Joseph Biden had nominated Philip Jefferson, a member of the Federal Reserve Board of Governors, as vice chairman of the committee, and if confirmed by the U.S. Senate, he would become the second African-American to serve as the Fed's second-in-command.。