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.
The head of SOCAR România, Ramil Asadullazade, is under scrutiny after Romanian media published photographs and details of an alleged affair with the...
France witnessed widespread protests under the slogan ‘Block Everything’ reflecting social, economic, ecological, and political discontent, with h...
Italy's foreign minister informed the upper house of parliament on Thursday, that additional sanctions were necessary to exert pressure on Russian Pre...
Armenian Parliamentary Speaker Alen Simonyan highlighted Azerbaijan’s desire to prevent future threats, while stressing the importance for Armenia t...
Turkish authorities have launched a major operation targeting organised crime, smuggling, fraud, and money laundering, freezing assets of 121 companie...
The head of SOCAR România, Ramil Asadullazade, is under scrutiny after Romanian media published photographs and details of an alleged affair with the company’s HR director, Bibiana Constantin.
Italy's foreign minister informed the upper house of parliament on Thursday, that additional sanctions were necessary to exert pressure on Russian President Vladimir Putin to engage in negotiations aimed at ending the conflict in Ukraine.
Britain has sacked Peter Mandelson as its ambassador to the United States over his relationship with the late convicted sex offender Jeffrey Epstein, its foreign ministry said on Thursday.
Bangladesh is boosting power imports from India and output from fuel oil-fired power plants in a scramble to meet rising electricity demand as it grapples with constraints on gas supply and coal plant maintenance, industry officials and analysts say.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
China has launched its first review of its foreign trade law since 2004, signalling a potential shift in how the country manages international commerce amid rising global trade tensions.
The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
U.S.-based satellite communications provider EchoStar has agreed to sell spectrum licences worth approximately $17 billion to SpaceX.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment