U.S. Treasury Secretary Scott Bessent said on Monday that the Federal Reserve is and should remain independent, but argued the central bank has “made a lot of mistakes” and defended President Donald Trump’s decision to dismiss Fed Governor Lisa Cook over alleged mortgage fraud.
Trump has repeatedly criticised the Fed and Chair Jerome Powell for not cutting interest rates, and recently attacked him over the costly renovation of the central bank’s Washington headquarters.
“The Fed should be independent. The Fed is independent, but I also think that they’ve made a lot of mistakes,” Bessent told Reuters during an interview at a diner in suburban Washington.
U.S. President Donald Trump has said he will “soon be reviewing” a new 14-point proposal sent by Iran, casting doubt on the chance...
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy....
Nobel Peace Prize laureate Narges Mohammadi has been taken to hospital in Iran after what her family described as a “catastrophi...
Germany has said a planned reduction of U.S. troops should push Europe to take greater responsibility for its own defence, as concerns grow in Wash...
President Donald Trump has said the United States could restart strikes on Iran “if they misbehave”, as he waits to review...
U.S. President Donald Trump has said he will “soon be reviewing” a new 14-point proposal sent by Iran, casting doubt on the chances of a deal after Tehran called for security guarantees, an end to naval blockades and a halt to the war across the region, including in Lebanon.
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy.
Nobel Peace Prize laureate Narges Mohammadi has been taken to hospital in Iran after what her family described as a “catastrophic deterioration” in her health, including a severe cardiac crisis.
Germany has said a planned reduction of U.S. troops should push Europe to take greater responsibility for its own defence, as concerns grow in Washington over the impact of the move on regional security.
Minval Politika has released further footage it says shows former International Criminal Court Chief Prosecutor Luis Moreno Ocampo discussing alleged funding behind campaigns linked to Armenia and Azerbaijan.
U.S. President Donald Trump told reporters he was "not satisfied" with Iran's latest peace proposal, which was delivered to Washington via Pakistani mediators on Friday (1 May).
President Trump has issued a warning to the international community, claiming a nuclear-armed Iran would strike Israel "very quickly" before targeting Europe and the United States.
Ukraine is monitoring “unusual activity” along its border with Belarus, President Volodymyr Zelenskyy said in a video statement released on Saturday (2 May). He warned that Kyiv is ready to respond if necessary amid continued regional tensions linked to Russia’s war.
Hundreds of young people in South Korea have gathered in Seoul to take part in a city-backed “power nap contest”, aimed at drawing attention to the country’s chronic sleep deprivation.
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy.
Germany has said a planned reduction of U.S. troops should push Europe to take greater responsibility for its own defence, as concerns grow in Washington over the impact of the move on regional security.
Malian authorities have launched an investigation into suspected soldiers accused of involvement in coordinated attacks on military bases carried out by militants linked to al Qaeda and separatist Tuareg rebels on 25 April 2026.
Ukraine is monitoring “unusual activity” along its border with Belarus, President Volodymyr Zelenskyy said in a video statement released on Saturday (2 May). He warned that Kyiv is ready to respond if necessary amid continued regional tensions linked to Russia’s war.
Japan’s Prime Minister Sanae Takaichi has pledged to strengthen relations with Vietnam, with a focus on energy security and critical minerals, following talks in Hanoi on Saturday (2 May).
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