Marc Filippino

Good morning from the Financial Times.

Today is Wednesday, April 22nd, and this is your FT News Briefing.

The U.S.-Iran ceasefire lives to see another day, and American senators grilled the man who could be the next Federal Reserve Chair.

Plus, what are some lessons that we can learn from the history of finance?

A new podcast from the FT explores the ideas that shape today's institutions.

I'm Mark Filippino, and here's the news you need to start your day.

U.S.

President Donald Trump extended the ceasefire with Iran.

It otherwise would have expired tonight.

He said on social media yesterday that the truce will remain in place until negotiations between the two countries conclude.

Now, this is a bit of a change of pace.

Trump said repeatedly that he did not want to extend the ceasefire.

But prospects of a second round of negotiations look bleak.

Iranian officials said yesterday they won't attend talks in Pakistan, and they think further talks would be, quote, a waste of time.

That's according to Iran's semi-official Tasnim news agency.

Iran's foreign minister blames the stalled talks on, quote, unacceptable actions from the U.S.

He called the American naval blockade of all Iranian ports a, quote, act of war and a ceasefire violation.

Trump said the U.S.

will continue its blockade while the ceasefire is in place.

That's Kevin Warsh, President Donald Trump's nominee to chair the Federal Reserve.