Jes Staley told US House committee he also was at one point named a trustee of convicted sex offender’s estate

Former JPMorgan Chase executive Jes Staley told US lawmakers he repeatedly shared confidential and market-sensitive bank ⁠information with Jeffrey Epstein and ⁠was at one ​point named as a trustee of his estate, according to a transcript released by the House oversight committee on Wednesday.

These admissions come as lawmakers investigate the late convicted ⁠sex offender’s ties with political and business elites. Staley appeared before the committee in July as part of its investigation into Epstein and his associate Ghislaine Maxwell. Transcripts ⁠from the meeting were released on Wednesday.

The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war

• New UK cost of living crisis looms as rising energy bills lift inflation

As the Middle East crisis drags on into its sixth month, central banks sit in a tricky position. Oil prices remain at elevated levels, stoking inflationary pressures while also threatening to weigh on growth.

The US Federal Reserve, the Bank of England and the European Central Bank are still smarting from the criticism of their inaction in 2022, when inflation soared above 10% in the UK and eurozone and over 9% in the US.