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The US president also imposes a 25% tariff on countries that "do business" with Tehran, while Iran's foreign minister says his country his "ready for war".
Three former heads of the central bank say the probe seeks to undermine the Fed's independence and "has no place" in the US.
The Supreme Court's decision on Trump's trade strategy could come as soon as Wednesday.
Jerome Powell's public response to a DoJ investigation could be a seismic moment for Donald Trump's presidency.
It is currently illegal to share deepfakes, but the law against creating them has not yet come into force.