Federal prosecutors in Florida on Wednesday unsealed an indictment charging former Cuban leader Raul Castro and five others in connection with the Cuban military's fatal downing of two planes 30 years ago, with officials unveiling the charges at a press conference in Miami.

The war in Iran is entering an unpredictable new phase where the risk to energy markets is growing.

Warsh has described himself as a student of Milton Friedman, the famed economist who said in 1963 that "inflation is always and everywhere a monetary phenomenon." Those words capture the main tenet of monetarism: Sustained price inflation is always caused by excessive monetary expansion. For inflation to come down, less money needs to be circulating in the economy.