Trump, Fed and Powell
Digest more
Donald Trump’s new HR czar has already started firing potshots at former “first buddy” Elon Musk, questioning the effectiveness of his work at cost-cutting taskforce DOGE.
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
Israeli troops killed 79 Palestinians seeking food, Gaza health officials said. President Donald Trump is losing ground on the economy and immigration.
President Donald Trump’s White House is frantically trying to put out the blaze sparked by its own promises to expose whatever the federal government is hiding about disgraced financier Jeffrey Epstein. A Wall Street Journal bombshell has only flared up the rage, increasing the likelihood that this fire will keep burning all summer.
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
DOGE cuts and voluntary resignations have severely hampered the agency as the nation enters the peak of fire season, with more than 1 million acres burning across 10 Western states.
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the crossfire between President Trump and the Wall Street Journal. Bessent said
The U.S. Forest Service faced criticism from current and former employees who say federal workforce reductions under the Trump administration have left fire teams understaffed, as the country grapples with decade-high U.