The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady as the Iran war drives up energy prices and complicates the inflation outlook, with the central bank's chief Jerome Powell saying he will remain on its board for "a period of time" after his leadership term ends in mid-May.At a press conference following a two-day monetary policy meeting, Powell said the decision to stay on was motivated by his concern over a series of "legal attacks" against the Fed by the administration of President Donald Trump, calling them "unprecedented" in its 113-year history."I worry that…READ FULL ARTICLE
