Iran rejects negotiations! Trump announces extension of ceasefire, maintaining maritime blockade while awaiting Iran's proposal.
Trump stated that, in light of the 'serious divisions' within the Iranian government, the U.S. has decided to extend the ceasefire until Iran presents a unified negotiation proposal and completes the negotiations. During this period, the U.S. military will continue to enforce a maritime blockade against Iran while maintaining a state of military readiness.
Wash's testimony emphasized the independence of the Federal Reserve, stating that it would never become Trump's "puppet on a string," and noted that there had never been a request to make a commitment to cut interest rates, while also supporting the inclu
Wash said that statements by the president and lawmakers on interest rates would not threaten the Fed's independence. The Fed must adhere to its functional boundaries, and if it ventures into fiscal and social policies beyond its legal authority, its independence will face the greatest risk. He expressed hope for 'institutional reform' of the Fed, advocating for a new inflation framework and communication methods. He criticized Fed officials for making excessive public comments and argued that four interest rate meetings per year are too few. AI could boost economic productivity without triggering inflation, creating room for interest rate cuts. The Fed is 'hardly blameless' for the expansion of the U.S.'s 'K-shaped economy,' as its large balance sheet amplifies its impact on the economy. Senator Tillis insisted he would not support Powell’s renomination unless the Department of Justice concludes its investigation into him. According to the 'New Fed Wire,' whether Wash will be nominated hinges on who concedes
Express News | Iranian media confirmed that they have received 'some signals' indicating the United States is prepared to lift the blockade.
Express News | Trump announces extension of ceasefire with Iran
Express News | Sources indicate that Iran will not participate in the U.S.-Iran talks scheduled for the 22nd.
Trump stated that he would not extend the ceasefire and threatened to resume bombing Iran. Reports indicate that Iran will not participate in the negotiations scheduled for the 22nd, and Vance has postponed his attendance.
After Trump's threat of bombing, the three major U.S. stock indices turned to losses. After news spread that Vance postponed his trip, the three major indices hit new daily lows. A member of Iran's parliamentary presidium stated that there would be no second round of negotiations until the maritime blockade is resolved; an Iranian parliamentary official mentioned that if diplomatic language proves ineffective, they will choose to continue hostilities. Pakistani sources claimed that relevant U.S. negotiators have arrived in Pakistan one after another; American media reported that Vance is still in Washington and will attend a White House meeting, while his delay in traveling to Islamabad is due to internal Iranian disagreements over whether to participate in a new round of peace talks.