U.S. President Donald Trump expressed frustration with Federal Reserve Chair Jerome Powell, stating on Thursday that Powell's termination "cannot come fast enough."
Trump took to his social media platform, Truth Social, to reiterate his demand for the U.S. central bank to reduce interest rates, emphasizing that Powell had missed opportunities to cut rates sooner.
Trump's post criticized Powell for not lowering interest rates in line with the European Central Bank, suggesting that the Fed should have taken more aggressive action earlier but urging immediate cuts now. The Fed's benchmark interest rate currently stands at 4.25%-4.50%, unchanged since December after several reductions late last year.
Trump's comments came a day after Powell addressed an event at the Economic Club of Chicago, where he reaffirmed the Federal Reserve's independence and explained its cautious approach to market volatility. Powell stated that the recent market fluctuations were a natural response to the Trump administration's shifting trade policies, rather than a crisis requiring immediate intervention.
Trump, however, dismissed Powell's remarks, calling them "another, and typical, complete mess!" and continued to criticize the Fed for being "too late and wrong" in its decisions. Despite these ongoing tensions, Powell's position at the Fed remains secure for now, though Trump’s comments underline his ongoing displeasure with the central bank’s policies.
Norway’s Sturla Holm Laegreid, who won bronze in the men’s biathlon at the Milano Cortina 2026 Winter Olympics on Tuesday (10 February) in Italy, ...
Kyiv is preparing to outline a simultaneous return to the ballot box and a public vote on a potential peace settlement, marking a pivotal shift in the...
Mexican Alpine skier Lasse Gaxiola will have his mother for company on his Olympic debut but she will not be cheering him from the finish area in Satu...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of February, covering the latest developments you need to...
A proposed multinational peacekeeping force for Gaza could involve around 20,000 personnel, with Indonesia estimating it may contribute up to 8,000, a...
U.S. President Donald Trump says Washington could deploy a second aircraft carrier strike group to the Middle East if nuclear negotiations with Iran collapse, warning of tougher action if no deal is reached.
Canadian Prime Minister Mark Carney said a bridge project linking Canada’s Ontario province with the U.S. state of Michigan would contribute to cooperation between the two countries.
As the U.S. grows increasingly unpredictable, historical alliances are under immense pressure. Since WWII, Europe and the U.S. have shared a robust, multifaceted relationship. Once driven by Cold War rivalry and the Soviet threat, this alliance now faces serious challenges.
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
The United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
António José Seguro’s decisive victory over far-right challenger André Ventura marks an historic moment in Portuguese politics, but analysts caution that the result does not amount to a rejection of populism.
Buckingham Palace said it is ready to support any police investigation into allegations that Prince Andrew shared confidential British trade documents with late sex offender Jeffrey Epstein, as King Charles expressed “profound concern” over the latest revelations.
Iran’s atomic energy chief says Tehran could dilute uranium enriched to 60 per cent if all international sanctions are lifted, stressing that technical nuclear issues are being discussed alongside political matters in ongoing negotiations.
Norway’s Sturla Holm Laegreid, who won bronze in the men’s biathlon at the Milano Cortina 2026 Winter Olympics on Tuesday (10 February) in Italy, stunned viewers by publicly admitting he had cheated on his girlfriend and pleaded for another chance during post-race interviews.
Kyiv is preparing to outline a simultaneous return to the ballot box and a public vote on a potential peace settlement, marking a pivotal shift in the country's political landscape four years into the conflict.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of February, covering the latest developments you need to know.
A proposed multinational peacekeeping force for Gaza could involve around 20,000 personnel, with Indonesia estimating it may contribute up to 8,000, a spokesman for Prabowo Subianto said on Tuesday.
U.S. President Donald Trump says Washington could deploy a second aircraft carrier strike group to the Middle East if nuclear negotiations with Iran collapse, warning of tougher action if no deal is reached.
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