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“Their economy is crashing, the blockade is incredible,” Trump told reporters at the White House. “Their economy is a disaster. So we’ll see how long they hold out.”
Trump responded in a social media post: “Jerome ‘Too Late’ Powell wants to stay at the Fed because he can’t get a job anywhere else — nobody wants him.”
Oil (USO) (BNO) prices retreated after the news and pared their weekly rise, with U.S. crude oil futures (CL1:COM) sliding 1.3% to $103.75 per barrel at 8:54 a.m. ET. Still, energy prices remain elevated amid worries over a prolonged conflict while just a trickle of oil gets through the Strait of Hormuz.
The aim is to help more Americans sign on for retirement plans before next year, when the federal government will start matching retirement contributions made by low- and middle-income workers, the Associated Press said, citing a White House official. CNBC and other media outlets reported the signing
The request noted that Iran moved its launchers out of
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