Federal Reserve governor supports a quarter-point reduction next month
Federal Reserve Governor Christopher Waller has once again voiced his support for potential interest rate cuts in September, suggesting that further reductions might be necessary within the next three to six months to safeguard the labor market. “Given the data we have right now, I would back a 25 basis point cut at the committee […]
Schumer criticizes Trump administration for unusual ‘pocket rescission’ proposal
Schumer Criticizes White House Budget Plans Senate Democratic leader Chuck Schumer (D-N.Y.) has expressed strong disapproval of the White House Budget Office’s push to withdraw funds designated for the State Department. He has labeled the proposed actions regarding the International Development Agency (USAID) as “illegal.” Democratic leaders are sounding alarms that a government shutdown is […]
Trump showcases presidential power regarding the economy
President Trump has taken a direct approach to managing the economy in ways that aren’t typical for presidential roles nowadays, pushing his influence into institutions and sectors that were once viewed as separate from government oversight. This strategy includes his ongoing pressure on the Federal Reserve, his shift away from traditional US trade policies, and […]
Bessent supports investment in Intel: Chips are a ‘key necessity’
Treasury Secretary Defends US Stake in Intel Treasury Secretary Scott Bescent spoke out in defense of the US government’s decision to acquire a 10% stake in Intel, addressing concerns about potential government interference in the free market. During an appearance on Fox Business’s “Morning Maria,” Bescent emphasized the strategic necessity of this investment. “Tips are […]
Central Bank agrees to follow court decision in Trump, Cook firing case.
The Federal Reserve announced on Tuesday its intention to follow the court’s ruling in any forthcoming lawsuits concerning Lisa Cook, a member of the Federal Reserve Board, who has challenged President Trump’s attempt to dismiss her. A spokesperson for the Fed stated, “Through her personal attorneys, Lisa Cook is making it clear that she will […]
Ending of the minor tariff exemption: Key information to understand
The deadline for a tax exemption on low-value imports to the US is approaching, set to expire this Friday. Recently, President Trump issued an enforcement order to pause the “de minimis” tax-free provisions for goods valued under $800. This executive action has led many national postal services from various countries to stop sending some or […]
South Korean president: Staff feared a ‘Zelensky moment’ at Trump meeting
Meeting Between South Korean President and Trump Exceeds Expectations South Korean President Lee Jae Myung described his meeting with President Trump as surpassing expectations. This remark comes amid public tensions reminiscent of the earlier confrontational exchange between Ukrainian President Voldime Zelensky and Trump, although Lee seemed optimistic about avoiding a similar situation. “Before our meeting […]
Pence’s team cautions Trump about China stance: White House ‘disregards the rule of law’ with TikTok account
Pence’s Group Critiques Trump’s Approach to China A policy organization established by former Vice President Mike Pence has raised concerns about President Trump’s handling of China-related issues, particularly regarding TikTok and tariffs. They argue that Trump’s current strategies could jeopardize his previous administration’s strong stance on China. The Advancing American Freedom Foundation shared a memo […]
Who is Lisa Cook, the Federal Reserve governor singled out by Trump?
President Trump intensified his campaign against Federal Reserve Governor Lisa Cook on Monday, calling for her resignation or dismissal amid allegations of mortgage fraud. This move marks a further escalation in Trump’s ongoing tensions with the Federal Reserve, particularly with Chairman Jerome Powell, even as Powell hinted last week that interest rate cuts might be […]
Leading Democrats criticize Trump’s decision to remove Lisa Cook from the Federal Reserve board
Democrats Respond After Trump’s Attempt to Fire Federal Reserve Governor Top Democrats voiced their concerns on Monday after President Trump dismissed Federal Reserve Governor Lisa Cook amid allegations of mortgage fraud. Cook, who was appointed by former President Biden in 2022, stated her intent to remain in her role, asserting that Trump “has no authority” […]