U.S. President Donald Trump called for a major interest rate cut before Federal Reserve Chair Jerome Powell’s testimony to Congress.
Posting on his Truth Social platform on Tuesday, Trump said: “We should be at least two to three points lower… if things later change to the negative, increase the Rate.” He added that Powell would appear before Congress to explain “why he is refusing to lower the Rate.”
Powell is scheduled to testify before lawmakers on Tuesday and Wednesday, following a week of pointed criticism from Trump, which has fuelled Wall Street speculation about the Federal Reserve’s direction when Powell’s term expires next May.
Last week, the Fed kept rates steady at 4.25%-4.50% and signaled two possible cuts by the end of 2025. However, Powell warned of continued inflation pressures as consumers face rising prices from the Trump administration’s planned import tariffs.
Trump’s renewed push for aggressive rate cuts came shortly after his announcement of a ceasefire deal between Israel and Iran, further heightening political and economic attention on this week’s congressional testimony.
Ukrainian President Volodymyr Zelenskyy on Friday dismissed reports that Russian forces had encircled Pokrovsk in the eastern Donetsk region, insistin...
The Trump administration has announced its support for repealing the Caesar Act sanctions on Syria and called on U.S. lawmakers to include the move in...
U.S. President Donald Trump said on Friday he would lift all fentanyl-related tariffs on Chinese goods if Beijing takes concrete steps to restrict exp...
U.S. President Donald Trump on Friday denied media reports suggesting that strikes on military installations in Venezuela could be imminent. Speaking ...
At least two civilians were killed and 17 others injured after Russian forces shelled several settlements in Ukraine’s southern Kherson region, the ...
Ukrainian President Volodymyr Zelenskyy on Friday dismissed reports that Russian forces had encircled Pokrovsk in the eastern Donetsk region, insisting that Ukrainian troops remain in control of the situation.
The Trump administration has announced its support for repealing the Caesar Act sanctions on Syria and called on U.S. lawmakers to include the move in the National Defense Authorization Act (NDAA) currently being debated in Congress.
U.S. President Donald Trump said on Friday he would lift all fentanyl-related tariffs on Chinese goods if Beijing takes concrete steps to restrict exports of the drug and the precursor chemicals used to produce it.
At least two civilians were killed and 17 others injured after Russian forces shelled several settlements in Ukraine’s southern Kherson region, the regional prosecutor’s office said on Friday.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Police in Dar es Salaam fired gunshots and tear gas on Thursday to break up renewed protests following a disputed general election, a Reuters witness said.
Russia launched a barrage of drones and missiles at Ukraine's energy infrastructure and other targets, forcing nationwide power restrictions and killing seven people, including a seven-year-old girl, Ukrainian officials said on Thursday.
Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
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