Jay Powell today: “I think that having an independent central bank has been an institutional arrangement that has served the public well. And as long as it serves the public well, it should continue and be respected."

TSUNAMI WARNING IN EFFECT I have signed an emergency proclamation, and both the State and County Emergency Operations Centers are fully activated. Please take this situation seriously.

BREAKING Tsunami warnings have been issued for parts of Russia, Japan and US Pacific coasts after a massive 8.8 magnitude earthquake struck Wednesday off Russia’s remote and sparsely populated far eastern coast. This quake is the strongest since 2011, when a 9+ megaquake struck northeastern Japan. @kaitlancollins @TheSourceCNN

Coming up at 9 p.m. ET.

We'll have the latest reporting at 9 p.m. ET.

Due to police activity, please avoid the vicinity of East 52 Street between Park Avenue and Lexington Avenue. Expect emergency vehicles & delays in the surrounding area.

Citing his disappointment with Putin, President Trump says he’s reducing the 50-day deadline he gave the Russian leader to reach a deal with Ukraine.

Ghislaine Maxwell was granted limited immunity to talk to Deputy Attorney General Todd Blanche, I’m told, confirming ABC. This was described as standard and that since Maxwell has already been convicted, the only thing she could be charged for is lying in this interview and proffer immunity doesn’t cover that. The immunity would be standard part of a proffer or so-called queen for a day session, under which a witness can provide information without fear that anything she says can be used against her. Maxwell has maintained her innocence and has a pending appeal of her conviction.

After Jay Powell contradicted President Trump on the cost of the Federal Reserve renovations, I asked Trump’s budget chief and deputy chief of staff about the numbers:

Trump's criticism of Powell seems to soften some after their joint tour of the Fed's construction site. He says there was no tension between them during it and no pressure on Powell to resign. "I thought it was a very productive talk...I believe he’s gonna do the right thing."