Trump says he won’t try to replace Fed Chair Jerome Powell
President-elect Donald Trump said in an interview aired Sunday that he does not intend to replace Federal Reserve Chairman Jerome Powell when he takes office in January. “No, I don't think so. I don't understand that,” President Trump said on NBC News' “Interactions with the Press with Kristen Welker,” about Chairman Powell, whose term ends […]
New progressive caucus chair: Democrats need to prioritize winning 'above being right all the time'
Rep. Greg Cassar (D-Texas), newly elected chairman of the Congressional Progressive Caucus, spoke about the Democratic Party's future strategy, saying the party needs to put more emphasis on economic issues and prioritize winning. said. “We're at a point now where we have to always prioritize winning over being right,” he said. NBC News He said […]
Outgoing DNC chair pushes back against calls for Democrats to abandon 'identity politics'
Democratic National Committee (DNC) Chairman Jamie Harrison, whose four-year term expires at the end of this year, called on Democrats to resist calls to abandon “identity politics.” Harrison addressed Arizona's state Democratic Party chairs on Thursday, citing his identity as a Black man. “When I wake up in the morning, when I look in the […]
Race to replace FTC chair Lina Khan pits antitrust hawks against candidate softer on Big Tech: sources
The race to replace Lina Khan as chair of the Federal Trade Commission is reaching a climax, pitting antitrust hawks against candidates seen as taking a softer approach to enforcing Big Tech. told the Post. President-elect Donald Trump's populist allies have pushed for a crackdown on Google and other Silicon Valley companies, including in the […]
Incoming Senate Armed Services Committee Chair Speaks Glowingly of Hegseth
Sen. Roger Wicker (R-Mississippi), a prominent lawmaker and soon-to-be chairman of the Senate Armed Services Committee, spoke glowingly about President-elect Donald Trump's nominee for secretary of defense, Pete Hegseth, after a meeting on Wednesday. Max Cohen, a Congressional reporter for Punchbowl News, reported that Mr. Hegseth was “impressed” with Mr. Wicker, and that Mr. Wicker […]
Bitcoin hits $100k after Trump names pro-crypto SEC chair
Bitcoin soared to over $100,000 per coin on Wednesday after President-elect Trump announced he would nominate crypto enthusiast Paul Atkins to head the Security and Exchange Commission (SEC). . google valued the coin at USD 102,726 later in the day, with the Nasdaq and S&P 500 markets also measuring gains. The digital currency has been […]
Fed chair says central bank ‘can afford to be a little more cautious’ in cutting rates
Federal Reserve Chairman Jerome Powell said Wednesday that the economy is stronger than it was in September, when the central bank began cutting interest rates, and that policymakers may be wary of cutting rates further. “We can afford to be a little more cautious as we strive for neutrality,” Powell said at a New York […]
Trump nominates Paul Atkins as SEC chair
President-elect Trump has nominated former Securities and Exchange Commissioner Paul Atkins to replace Chairman Gary Gensler, who will retire on Inauguration Day. “Paul has proven to be a common-sense regulatory leader. We believe in the promise of the capital markets,” he said in a post on Truth Social on Wednesday. The nomination ends weeks of […]
Center-left think tank president backing Wikler as next DNC chair
Center-left think tank Third Way has endorsed Wisconsin Democratic Party Chairman Ben Wikler in the upcoming Democratic National Committee (DNC) leadership race. “At Third Way, we represent the centre-left wing of the party,” says the group's president, Jonathan Cowan. wrote in an op-ed for Politico. “However, the person best suited to lead the Democratic National […]
Outgoing DNC chair defends party, says 2024 could have been worse for Democrats
Outgoing Democratic National Committee Chairman Jamie Harrison defended his party's performance in the 2024 election this weekend, claiming it was countering a “global” backlash against the party in power. Mr Harrison does not intend to seek re-election when Democrats vote on new leadership next year, but acknowledged his party has trouble connecting with the working […]