Trump says he believes Iran's behavior will change significantly.

Iran parliament speaker Ghalibaf said Iran's battlefield victory has been recognized by both enemies and friends.

According to CNN’s Bryan Mena, Wash cannot single-handedly deliver Trump-requested rate cuts but has signaled the Fed will not remain business-as-usual. He has hired two conservative policy veterans as interim advisers — Paul Winfree and Daniel Hale — and said the Fed has a “large number of redundant” Washington staff, implying a potential overhaul of roughly 3,000 employees. Powell began staff reductions last year to align with broader federal cuts. Wash has urged officials to focus more on trimmed-mean inflation measures that capture underlying inflation rather than one-off price moves. With advisers in place, institutional reform discussions are underway; Wash’s upcoming first press conference is likely to be the first clear signal of how far he will seek to reshape the Fed.