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Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran's ports would persist.
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Powell to remain as Fed governor, denying Trump a key vacancy AxiosFed holds rates steady but with highest level of dissent since 1992 CNBC‘They left me no choice': Powell isn't going anywhere—blocking Trump from another Fed appointee FortuneThe Fed will have a new leader, but Powell isn't leaving and that puts Trump's low interest rates on ice The Boston Globe
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Powell Says He Will Stay On as Fed Governor After Term as Chair Ends The New York TimesFed holds rates steady but with highest level of dissent since 1992 CNBCPowell says he'll remain on U.S. Federal Reserve board, denying Trump a chance to name his own appointee CBCFed officials poised to dissent on rates with Warsh on verge of getting chair PoliticoPowell to remain as Fed governor, denying Trump a key vacancy
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Scoop: Commanders to brief Trump on new Iran military options Thursday AxiosUS seeks new coalition to get ships moving again in Hormuz, internal cable says ReutersOil Hits Wartime High on Report US Eyeing Iran Military Options BloombergUS military developing plans to target Iran's Strait of Hormuz defenses if ceasefire fails CNNAs Hormuz Traffic Stalls, U.S. Pitches New Coalition to Get Ships Moving
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The Federal Reserve also on Wednesday left interest rates unchanged for its third straight meeting amid higher energy costs.
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Takeaways From Hegseth's Testimony on Iran War and His Tenure The New York TimesHegseth slams ‘defeatist' lawmakers in fiery House hearing on military budget The Washington PostUS war in Iran has cost $25 billion so far, says Pentagon official ReutersIran war live updates: Trump says Iran just has to 'cry uncle' now 6abc PhiladelphiaPete Hegseth lost his cool in front of Congress
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Fed holds rates steady amid sharp divide over policy easing bias ReutersFed holds rates steady but with highest level of dissent since 1992 CNBCJerome Powell Is Staying at the Fed. That Isn't Kevin Warsh's Biggest Problem. Barron'sPowell to remain as Fed governor, denying Trump a key vacancy AxiosFed officials poised to disse
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Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
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