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Trump sanctions on Iran decimated regime's global trade: report

Trump administration sanctions on Iran decimated the hardline regime's trade with the world's largest economies, knocking it from $46 billion in 2019 to $28 billion in 2020, according to a non-public report sent by the Biden administration to Congress earlier this month.

White House mum on Powell Fed reappointment

The White House is still mulling the potential renomination of Jerome Powell as chairman of the Federal Reserve, one of the most consequential economic decisions for President Biden in his first term.