Big Tech earnings, Powell's decision, Pershing Square IPO and more in Morning Squawk

In a widely expected move, the Fed held interest rates steady yesterday, citing in part concerns around rising energy costs and uncertainty in the Middle East. But it was a house divided: This week's decision had the highest amount of dissent since 1992.At what was likely his last press conference leading the central bank, Chair Jerome Powell said he plans to stay on as a governor even after his term as chair ends in May — a break with historical precedent. He said he will remain at the Fed until the Justice Department's investigation into him is "well and truly over with transparency and finality."Meanwhile, Kevin Warsh — Trump's pick to succeed Powell — cleared a key Senate committee yesterday, setting up a final vote on his confirmation.

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