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While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world's most powerful military having proved they can use economic chaos as a weapon.
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Kevin Warsh chaired his first Fed meeting, sending stocks lower while Trump reportedly signed the deal with Iran.
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President Trump lashed out at critics who say the agreement achieves less than the one President Barack Obama signed in 2015, and he threatened to bomb Iran again if it violated the deal.
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The Federal Reserve's new chairman held a press conference where he bantered with reporters and laid out a vision for change at the central bank.
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Kevin Warsh held his first news conference since taking over as the Federal Reserve chair. With inflation at its highest level in three-plus years, Warsh and his colleagues held interest rates steady.
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The new leader of the Fed left interest rates alone but made clear how he plans to rewire the central bank.
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The U.S. is expected to lift sanctions on Iran and unfreeze funds and assets linked to the country's regime, under a 14-point memorandum of understanding provided to NBC News by a senior U.S. official
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Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections.
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The U.S.-Iran ceasefire deal leaves many Israelis feeling vulnerable and abandoned by their most important ally. They voiced concern for Israel's security, and some criticized Prime Minister Benjamin Netanyahu for failing to achieve his war aims.
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