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.
U.S. President Donald Trump has signed an executive order pledging U.S. military support to defend Qatar if it comes under attack, following last mont...
Qarabağ claimed their second win in the UEFA Champions League group stage with a 2-0 victory over Copenhagen at the Tofig Bahramov Republican Stadium...
Kazakhstan has unveiled plans to create a specialised research University for artificial intelligence while also providing digital skills training for...
Contact has been lost with several vessels in the Global Sumud Flotilla, organisers said on Wednesday evening, as the ships continued their attempt to...
French naval personnel have boarded a Russia-linked oil tanker suspected of being used to launch drone flights that disrupted airports in Denmark last...
Leaders from across Europe meet in Copenhagen on 2 October for the seventh European Political Community summit, with security and support for Ukraine at the top of the agenda following today’s informal European Council.
The foreign minister of the Turkish Republic of Northern Cyprus (TRNC) Tahsin Ertugruloglu has strongly criticised the UN Security Council, accusing it of depriving the Turkish Cypriot people for six decades through failed negotiations on the Cyprus issue.
Contact has been lost with several vessels in the Global Sumud Flotilla, organisers said on Wednesday evening, as the ships continued their attempt to reach Gaza with humanitarian aid.
Qarabağ claimed their second win in the UEFA Champions League group stage with a 2-0 victory over Copenhagen at the Tofig Bahramov Republican Stadium in Baku on Wednesday.
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
The Organization of Petroleum exporting countries OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day for November at its meeting next Sunday as rising oil prices encourage the group to try to regain more market share, said sources familiar with the talks.
Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment