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.
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Plans for a $500 million Trump Tower in Belgrade have been cancelled after protests and a legal investigation. The project, backed by Jared Kushner, former White House adviser, was halted after Serbian prosecutors indicted officials over removing the site's cultural heritage status.
U.S. President Donald Trump has ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela on Tuesday (16 December), in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.
Citizens from an additional seven countries, including Syria, are being banned from travelling to the U.S. from the 1st of January next year. President Donald Trump made the annoucement on Tuesday (16 December) now has a total of 39 countries banned from entering the States.
President Donald Trump has filed a defamation lawsuit against the BBC over edited footage of a speech that made it appear he encouraged supporters to storm the U.S. Capitol 6 January 2021, marking an international extension of his ongoing battle against media coverage he deems inaccurate or biased.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
Fighting along the Thailand–Cambodia border has entered a fifth consecutive day, despite U.S. President Donald Trump claiming he had brokered a ceasefire between the two sides.
Authorities discovered the lifeless bodies of renowned filmmaker Rob Reiner, aged 78, and his wife, Michele Reiner, 68, in their upscale Brentwood home in Los Angeles on Sunday. The police investigation has labeled the incident an apparent homicide.
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
Schools across Cambodia and Thailand were forced to close on Monday (15 December) as border clashes between the two countries escalated, with the death toll reaching at least 40 and hundreds of thousands of people displaced, according to officials and local media.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of December, covering the latest developments you need to know.
Plans for a $500 million Trump Tower in Belgrade have been cancelled after protests and a legal investigation. The project, backed by Jared Kushner, former White House adviser, was halted after Serbian prosecutors indicted officials over removing the site's cultural heritage status.
FIFA has introduced a new “more affordable” ticket category for the 2026 World Cup, priced at $60 (£45) for all 104 matches in the U.S., Canada, and Mexico, according to agencies.
The younger son of Hollywood filmmaker and political activist Rob Reiner was formally charged on Tuesday (16 December) with first-degree murder in the stabbing deaths of his parents, who were found slain in their Los Angeles home over the weekend.
Police in Australia said on Wednesday (17 December) they had charged a man who allegedly opened fire on a Jewish event on Sydney's Bondi Beach with 59 offences, including 15 counts of murder and one of committing a terrorist act. It was Australia’s deadliest mass shooting for nearly 30 years.
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