US SENATE CONTINUES DEBATE TODAY ON THE SAVE AMERICA ACT

POWELL: WELL-ABOVE 2% INFLATION TARGET IS A CONCERN

- Fed kept interest rates unchanged at its monetary policy meeting yesterday. In its post-meeting statement, the Fed said that the impacts of the U.S.-Iran war on the economy were “uncertain.” - Powell also said he would continue to lead the Fed in the event that the Senate does not confirm his successor by May. He has not decided whether he will remain on the Fed’s Board of Governors after his exit as chair, he said. - Oil prices continued to rally today, with Brent futures briefly topping $119 this morning after Iranian strikes on key energy infrastructure in the Middle East. - Micron soared past Wall Street’s earnings and guidance expectations yesterday, but shares are down more than 5% this morning as investors take profit after the stock’s 350% run. - Amazon wants to clear the air about its relationship with the U.S. Postal Service.