Fed Chair Kevin Warsh said the Fed actively discussed a range of options for the future.

U.S. major stock indexes declined: the S&P 500 was down 1.0%, the Nasdaq 1.3% and the Dow 1.6%.

President Trump said US forces intercepted an Iran-launched ballistic missile attack on Jordan overnight and that Washington will respond forcefully. In a Wednesday Fox News interview he said, we’re going to hit them hard…they will be dealt a heavy blow, and that US forces had only minutes to respond before the missiles struck. Trump said he viewed footage of the intercepts showing personnel reporting missile coordinates in real time. He said US and Saudi strikes the same night targeted Iran-backed Iraqi Shia militias after coordination with the Iraqi government. Trump called those militias a scourge on the world and said the US is considering further warnings to Iran’s proxy networks.