U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Trump claimed that Powell has cost the country trillions of dollars.
In a post on his Truth Social account, Trump continued his attacks on Powell, describing him as “very late, very angry, very dumb and very political.”
The President added that Powell “is costing our country trillions and overseeing one of the most incompetent or improper building renovations in construction history.”
Yesterday, the Fed held interest rates steady at 4.25-4.50 %, in line with expectations, while noting that inflation remains elevated.
The statement also revealed that Federal Open Market Committee (FOMC) members Michelle Bowman and Christopher Waller opposed the decision to keep rates unchanged and favoured a 25 basis point cut instead.
Following the announcement, Fed Chair Jerome Powell said it was too early to say whether a rate cut would occur in September.
Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev met informally on Tuesday ahead of their formal summit scheduled for the f...
Indonesian authorities say a 17-year-old suspected of carrying out last week’s bombing at a high school mosque in Jakarta assembled small explosive ...
A Turkish Air Force C-130 military cargo plane has crashed in Georgia near the border with Azerbaijan, killing all personnel on board....
A new artificial intelligence breakthrough from China is stirring debate across the global tech community, with many calling it another “DeepSeek mo...
Anewz correspondent Nini Nikoleishvili reports from site of crashed Turkish military plane in Sighnaghi Municipality, saying that limited visibility a...
A Turkish Air Force C-130 military cargo plane has crashed in Georgia near the border with Azerbaijan, killing all personnel on board.
Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev met informally on Tuesday ahead of their formal summit scheduled for the following day. The informal discussions were held at the Kremlin, with both leaders expressing optimism about their growing bilateral cooperation.
Indonesian authorities say a 17-year-old suspected of carrying out last week’s bombing at a high school mosque in Jakarta assembled small explosive devices at home by following online instructions.
A new artificial intelligence breakthrough from China is stirring debate across the global tech community, with many calling it another “DeepSeek moment.”
Billionaire Jeff Bezos’s Blue Origin has launched NASA’s twin ESCAPADE satellites to Mars on Sunday, marking the second flight of its New Glenn rocket, a mission seen as a crucial test of the company’s reusability ambitions and a fresh challenge to Elon Musk’s SpaceX.
Elon Musk’s bold vision for the future of technology doesn’t stop at reshaping space exploration or electric cars. The Neuralink brain-chip technology he introduced in 2020 could mark the end of smartphones as we know them, and his recent statements amplify this futuristic idea.
A Turkish Air Force C-130 military cargo plane has crashed in Georgia near the border with Azerbaijan, killing all personnel on board.
Georgian Interior Minister Geka Geladze has visited the site of the Turkish military helicopter crash in Sighnaghi Municipality, near the Georgia–Azerbaijan border.
Turkish President Recep Tayyip Erdogan has announced a high level delegation visit to Pakistan as part of efforts to secure a lasting ceasefire between Kabul and Islamabad.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
Türkiye’s benchmark BIST 100 index ended Thursday up 0.94%, closing at 11,073.27 points. Opening the day at 11,029.29, the index gained 102.9 points compared with the previous close.
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