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.
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in ta...
Joseph Kent, head of the U.S. National Counterterrorism Center, resigned on Tuesday (17 March), becoming the most senior official in President Dona...
Israel’s Defence Minister Israel Katz has said the country’s military killed two of Iran’s most senior security figu...
A series of severe storms, blizzards and tornadoes on Monday disrupted life across much of the U.S., leaving more than 12,500 flights delayed or ca...
China’s international trade representative has said Beijing and Washington have reached a “preliminary consensus” on some key iss...
Israel’s Defence Minister Israel Katz has said the country’s military killed two of Iran’s most senior security figures in overnight airstrikes, as tensions across the Middle East continue to escalate.
The real power of the Strait of Hormuz lies not in closing it, but in the threat of closure.
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait of Hormuz to protect commercial shipping and help restore the flow of global oil supplies.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in targeted strikes on the country.
Kazakhstan has adopted a new constitution that could allow President Kassym-Jomart Tokayev to stay in power beyond 2029. The Central Election Commission confirmed that 87.15% of voters backed the constitution in a referendum held on Sunday (17 March).
The World Health Organization (WHO) has released $2m in emergency funding to support health responses in Lebanon, Iraq and Syria as escalating regional conflict strains hospitals, raises displacement and increases pressure on already fragile health systems.
A series of severe storms, blizzards and tornadoes on Monday disrupted life across much of the U.S., leaving more than 12,500 flights delayed or cancelled and forcing schools, federal offices and communities to take emergency precautions.
China’s international trade representative has said Beijing and Washington have reached a “preliminary consensus” on some key issues following their latest round of talks in Paris, offering a cautious sign of progress in a relationship long marked by tension and uncertainty.
Chile’s newly inaugurated president, José Antonio Kast, has taken his first major step on immigration, launching plans for a fortified barrier along the country’s northern border just days after entering office.
A Russian drone attack damaged industrial, port, and energy infrastructure in Ukraine's southern Odesa region overnight. The strikes disrupted power supplies in several settlements, prompting local authorities to switch critical facilities to backup power generators.
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