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.
The Pentagon concluded a high-stakes press briefing Saturday afternoon following the U.S. strikes on Iran’s nuclear facilities, outlining the scale and success of the mission while stressing the door remains open to diplomacy.
Global investors are bracing for significant market turmoil when trading reopens, with analysts predicting a sharp spike in oil prices and a flight to safe-haven assets following the United States' announcement of military strikes against three Iranian nuclear facilities.
A chorus of condemnation emerged from Latin America on Sunday as leaders from Chile, Cuba, Venezuela, Colombia, and Bolivia denounced the United States for its recent airstrikes on three Iranian nuclear facilities.
The United States' military strike on three Iranian nuclear facilities Sunday triggered sharply divided reactions from the international community, with Israel lauding the move as a historic decision while Iran, the United Nations, and numerous other nations condemned the attack.
Iran has strongly condemned the recent U.S. airstrikes on its nuclear facilities in Fordow, Natanz, and Isfahan, calling them a violation of the UN Charter, international law, and the Non-Proliferation Treaty (NPT)
The U.N. Security Council met on Sunday after U.S. strikes on Iranian nuclear sites, as Russia, China and Pakistan proposed a resolution urging an immediate Middle East ceasefire, raising tensions over the legality and fallout of Western military action.
The U.S. maintains a broad military presence across the Middle East, reflecting long-standing strategic interests and evolving regional dynamics.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Gulf states hosting major U.S. military bases were placed on high alert Sunday after American airstrikes destroyed Iran’s main nuclear sites, raising fears of regional retaliation and a broader conflict that could engulf key energy exporters and destabilise global security.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Israel is nearing its objective of eliminating Iran’s ballistic missile and nuclear capabilities, Prime Minister Benjamin Netanyahu said on Sunday, vowing to continue the campaign until those threats are neutralised.
The U.N. Security Council met on Sunday after U.S. strikes on Iranian nuclear sites, as Russia, China and Pakistan proposed a resolution urging an immediate Middle East ceasefire, raising tensions over the legality and fallout of Western military action.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Senior Russian officials have condemned the United States’ recent military strikes on Iran, warning of a spiralling regional conflict and accusing U.S. President Donald Trump of igniting a "new war" that could backfire by strengthening Iran's leadership.
The U.N. Security Council met on Sunday after U.S. strikes on Iranian nuclear sites, as Russia, China and Pakistan proposed a resolution urging an immediate Middle East ceasefire, raising tensions over the legality and fallout of Western military action.
The U.S. maintains a broad military presence across the Middle East, reflecting long-standing strategic interests and evolving regional dynamics.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Gulf states hosting major U.S. military bases were placed on high alert Sunday after American airstrikes destroyed Iran’s main nuclear sites, raising fears of regional retaliation and a broader conflict that could engulf key energy exporters and destabilise global security.
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