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President Donald Trump says Iran's economy is crashing because of the Strait of Hormuz blockade during remarks to reporters at the White House.

National Economic Council Director Kevin Hassett says productivity gains should help keep core prices under control and it would be a mistake for the Federal Reserve and ECB to hike rates during what he sees as a temporary oil shock. Speaking on "Bloomberg Surveillance," Hassett also weighs in on Fed Chair Jerome Powell's plans to stay on at the central bank once his term as chairman ends.

President Donald Trump said he would investigate federal employees placing bets on event-betting platforms during comments with reports at the White House on April 23.

US Attorney Jeanine Pirro said in a social media post that she plans to drop her controversial investigation into building-renovation cost overruns by the Federal Reserve. Mike McKee reports on "Bloomberg Open Interest."

President Donald Trump says Iran "can be taken out in one night" during a news conference in Washington, D.C.

President Donald Trump threatens to jail journalists who published details of a US military raid to rescue two airmen whose aircraft was shot down over Iran, accusing them of jeopardizing the mission. He speaks during a news conference in Washington, D.C.

US Attorney General Pam Bondi is leaving her post as head of the US Justice Department, with Deputy Attorney General Todd Blanche stepping in to serve as Acting Attorney General.

President Donald Trump criticizes Federal Reserve Chair Jerome Powell over the Fed building renovation costs during a Cabinet meeting at the White House.

The oil market has been roiled by the Iran war, with prices swinging wildly. For regions most dependent on Gulf exports, the strain is already apparent, with wider, global implications on the horizon.

The US-Israeli attacks on Iran have triggered a regional crisis and sent energy prices skyward. In the US, President Donald Trump's decision to go to war also could hurt his party in an election year.