Federal Reserve maintains interest rates despite pressure from Trump

The Federal Reserve opted to keep interest rates steady, maintaining the Fed funds rate between 4.25% and 4.5%, a range it has held since December. This decision comes amid growing economic uncertainty linked to Trump’s ongoing trade disputes. In their recent policy statements, Fed officials noted increasing risks of rising inflation and unemployment, highlighting that […]

Federal judge appointed by Biden directs Trump administration to relocate 12,000 migrants

A federal judge recently mandated that the Trump administration expedite the resettlement of approximately 12,000 refugees in the U.S., in response to a court order that partially overturns the executive order aimed at suspending refugee enrollment. US District Judge Jamal Whitehead, appointed by former President Joe Biden in 2023, issued this ruling despite a prior […]

Bill Ackman states Harvard does not have a right to federal funding

On Tuesday, billionaire investor Bill Ackman expressed concerns about Harvard University, labeling the nation’s oldest and wealthiest institution as unworthy of taxpayer support due to what he described as “administrative bloat.” Ackman, a Harvard alumnus who graduated over three decades ago, made these remarks shortly after the Trump administration announced that future grants to Harvard […]