On today's show, US President Donald Trump pressed for a de-escalation of attacks on Middle East energy sites. He said Israel will refrain from further strikes on the South Pars gas field and threatened retaliation if there are more attacks by Iran on Qatar’s LNG facilities. Jerome Powell says higher energy prices will push up overall inflation in the near term, but it’s too soon to know the potential effects on the economy. The Fed kept rates on hold as expected. The ECB is projected to hold rates steady, with traders fully pricing two hikes later this year amid the threat of rising inflation. The BOE is also set to stand pat. Today's guests: Bank of America Greater China Chief Economist Helen Qiao (Source: Bloomberg)