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.
Italian PM Giorgia Meloni met with Donald Trump and JD Vance in Washington, using charm, shared views, and her native Italian to strengthen ties. She later hosted Vance in Rome, praised U.S.-Italy relations, and invited Trump to visit Europe.
The U.S. Supreme Court will hold a May 15th hearing on Trump’s order to end birthright citizenship for children of undocumented immigrants, an executive move blocked by lower courts and now facing constitutional scrutiny under the 14th Amendment.
President Trump calls recent talks with Mexico and Japan "very productive" as he highlights growing international interest in meetings with the U.S.
As the US-China trade war escalates under President Donald Trump’s administration, viral TikTok videos are encouraging Americans to bypass tariffs by buying directly from Chinese factories, sparking fresh concerns over counterfeit goods and luxury brand credibility.
Malaysia will dispatch its trade and second finance ministers to the United States later this month to address U.S. tariff measures, in line with a collective ASEAN response to rising trade tensions, the government said Thursday.
International financial leaders will discuss ways to restore aid to Syria during next week’s IMF and World Bank meetings.
A deadly attack at a cockfighting venue in coastal Ecuador has left at least 12 dead, with authorities investigating the scene for clues.
Colombia's president has suspended a ceasefire with a FARC offshoot after efforts to extend the truce failed, though peace talks remain on track.
A mob attack on an Ahmadi place of worship in Karachi has left one man dead, highlighting ongoing persecution of the minority group.
A Russian court has sentenced 19-year-old Darya Kozyreva to nearly three years in prison for protesting the war in Ukraine using poetry and graffiti.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
International financial leaders will discuss ways to restore aid to Syria during next week’s IMF and World Bank meetings.
A deadly attack at a cockfighting venue in coastal Ecuador has left at least 12 dead, with authorities investigating the scene for clues.
Colombia's president has suspended a ceasefire with a FARC offshoot after efforts to extend the truce failed, though peace talks remain on track.
A mob attack on an Ahmadi place of worship in Karachi has left one man dead, highlighting ongoing persecution of the minority group.
A Russian court has sentenced 19-year-old Darya Kozyreva to nearly three years in prison for protesting the war in Ukraine using poetry and graffiti.
International financial leaders will discuss ways to restore aid to Syria during next week’s IMF and World Bank meetings.
A deadly attack at a cockfighting venue in coastal Ecuador has left at least 12 dead, with authorities investigating the scene for clues.
Colombia's president has suspended a ceasefire with a FARC offshoot after efforts to extend the truce failed, though peace talks remain on track.
A mob attack on an Ahmadi place of worship in Karachi has left one man dead, highlighting ongoing persecution of the minority group.
A Russian court has sentenced 19-year-old Darya Kozyreva to nearly three years in prison for protesting the war in Ukraine using poetry and graffiti.
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