Türkiye Pushes for Stronger Cooperation with China
Turkish President Recep Tayyip Erdoğan outlined Türkiye’s efforts to strengthen ties with Beijing while also pushing forward on global peace and r...
U.S. President Donald Trump on Monday sharply criticised the Federal Reserve, claiming America should be paying ultra-low interest rates similar to Japan and Denmark.
“We should be paying 1% Interest, or better,” Trump wrote on Truth Social, sharing a chart of global rates with a mark indicating where he believes U.S. rates should be. He referred to Powell as “Jerome ‘Too Late’ Powell” and said the entire Federal Reserve Board “should be ashamed of themselves.”
According to Trump, the Fed’s current policy is costing the country “trillions of dollars in interest cost.”
“The Board just sits there and watches,” he added. “So they are equally to blame.”
The post comes as the Trump administration intensifies its pressure campaign on the Fed, arguing that rates remain too high despite subdued inflation and record-breaking markets.
Later in the day, White House Press Secretary Karoline Leavitt confirmed Trump had sent Powell a memo urging him to act.
At a briefing, Leavitt held up the note and read aloud. “Jerome, you are as usual too late. You have cost the U.S. a fortune and continue to do so. You should lower the rate by a lot. Hundreds of billions of dollars are being lost, and there is no inflation.”
She pointed to gains on Wall Street, saying the S&P 500 and Nasdaq had hit record highs thanks to Trump’s “economic boom.”
“President Trump is a businessman first. He knows how to grow this economy,” she said. “But the Fed needs to do its part. The American people want to borrow cheaply—and they should be able to.”
Trump has repeatedly criticised Powell since returning to The White House, often comparing U.S. rates unfavourably to those in Europe and Asia.
While the Fed has signalled caution on future cuts, Trump’s comments are expected to increase pressure ahead of upcoming policy decisions.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
British Prime Minister Keir Starmer defended Deputy Prime Minister Angela Rayner and his government’s handling of borrowing costs during a heated parliament session on Wednesday, 3 September, facing sharp attacks from opposition leader Kemi Badenoch.
The United Arab Emirates warned Israel on Wednesday that any annexation of the West Bank would be a red line for Abu Dhabi, threatening to undermine the Abraham Accords that normalised ties between the two states.
Afghanistan’s Ministry of Economy has urged United Nations agencies and humanitarian organisations to speed up the delivery of aid to survivors of the recent earthquakes that struck several eastern provinces.
Russia launched a large-scale overnight air attack on Ukraine on September 3, injuring at least four railway workers and damaging key infrastructure, Ukrainian authorities say.
North Korean leader Kim Jong Un shook hands with Woo Won-shik, the speaker of South Korea’s National Assembly, before the start of a military parade in Beijing on Wednesday, a rare interaction amids strained inter-Korean relations.
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