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According to CNN, US officials said the US did not launch a new attack on Iran in the past hour.According to Fox News: U.S. Commerce Secretary Howard Lutnick said that Trump believes oil prices will remain low in the future.Saudi Arabia and Canada issued a joint statement condemning Irans attack on merchant ships in the Strait of Hormuz.Federal Reserve: The Federal Reserve working group also includes economists Mankiw, Sargent, and Chetty, venture capitalist Anderson, and Xbox CEO Sharma.The Federal Reserve stated that the working group will assess whether policy tools, analytical methods, and policy frameworks need improvement.