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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The number of newly enrolled international students studying at U.S. colleges and universities dropped by 17% this autumn following new restrictions on student visas and other Trump administration policies, according to a report released on Monday.
Republican lawmakers in Washington are advancing a new bill that aims to impose some of the most stringent sanctions yet on any nation that continues to engage economically with Russia.
The Kremlin stated on Monday that it hoped another summit between Russian President Vladimir Putin and U.S. President Donald Trump could take place once the necessary preparations had been completed.
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Thousands of users in the United States, some parts of Europe and South America on the X (formerly twitter) platform have reported being unable to access the site due to Cloudflare outage.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
China's Foreign Minister Wang Yi on Tuesday talked up "high-level exchanges" in a call with Japanese counterpart Toshimitsu Motegi, hinting at a potential meeting between Chinese President Xi Jinping and Japan's new premier, Sanae Takaichi.
The Kremlin stated on Monday that it hoped another summit between Russian President Vladimir Putin and U.S. President Donald Trump could take place once the necessary preparations had been completed.
Ukraine is pushing its European allies to take a political decision to release a proposed $163-billion loan based on frozen Russian state assets next month, as it frets over a gaping hole in the 2026 budget and fallout from an unfolding corruption scandal.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 19th of November, covering the latest developments you need to know.
An Indonesian student suspected of carrying out a bomb attack at his school mosque in Jakarta wrote of feeling isolated in his 42-page diary and drew inspiration from a Telegram group glorifying white supremacist attacks, according to new details from police.
The Turkish-operated cargo plane that skidded off the runway at Hong Kong's international airport last month (20 October), killing two airport workers, experienced an acceleration in one of its four engines after landing, an initial investigation has found.
Two top U.S. Army officials have made a rare wartime visit to Kyiv by U.S. President Donald Trump's administration, arriving on an unannounced trip for talks with Ukraine's leaders in an attempt to revive stalled peace talks with Russia, Politico reported on Wednesday.
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