Trump is likely to allow Fed chair to serve remainder of his term, adviser says
CNN
President-elect Donald Trump is likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump requesting anonymity to describe private conversations.
President-elect Donald Trump is likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump who requested anonymity to describe private conversations. The adviser cautioned that Trump could always change his mind, but his present view — and that of Trump’s economic team — is that Powell should remain atop the central bank as it pursues its policy of cutting interest rates. Trump appointed Powell, a Republican former private equity executive who served on the central bank’s governing board, to its top spot in 2018. President Joe Biden reappointed him to a second four-year term. Gary Cohn, the Goldman Sachs alum who served as economic policy director during Trump’s first administration, is said to want the job, but former Trump officials have said the fact that Cohn resigned in protest over Trump’s steel tariffs makes it highly unlikely he’d get it. Among the names mentioned by sources in touch with the Trump transition are Kevin Warsh, who served for five years on the bank’s board of governors and advised Trump during his first term; as well as Trump’s former chief economist Kevin Hassett.
Maria Corina Machado, the Venezuelan opposition leader and 2025 Nobel Peace Prize winner, arrives in Washington this week for high-stakes talks with US President Donald Trump on the future of Venezuela following the ouster of Nicolás Maduro. The meeting comes after Trump surprised many by allowing Maduro’s vice president, Delcy Rodríguez, to assume control, dashing opposition hopes for a new democratic era.
A judge decided not to issue a temporary restraining order after Minnesota and the Twin Cities sued federal officials, claiming their immigration enforcement operation involves warrantless arrests and excessive force.
After an Immigration and Customs Enforcement (ICE) agent shot and killed Renee Nicole Good in Minneapolis one week ago, reactions on social media and among politicians and political influencers rapidly polarized.
Most Americans see an immigration officer’s fatal shooting of Minneapolis resident Renee Good as an inappropriate use of force, a new CNN poll conducted by SSRS finds. Roughly half view it as a sign of broader issues with the way US Immigration and Customs Enforcement is operating, with less than one-third saying that ICE operations have made cities safer.
The United States is indefinitely suspending immigrant visa processing from 75 countries in another expansion of the Trump administration’s crackdown on immigration.
The US announced the start of the next phase of the Gaza ceasefire plan on Wednesday as a new committee was formed to run the battered enclave.
Michigan Democratic Sen. Elissa Slotkin said Wednesday that US Attorney Jeanine Pirro wants a formal interview with her following her involvement in a controversial video urging service members and intelligence officials to disobey illegal orders.
Venezuelan opposition leader María Corina Machado, the 2025 Nobel Peace Prize winner, is scheduled to meet with US President Donald Trump on Thursday, a senior White House official told CNN. CNN’s Stefano Pozzebon reports from Bogota.
Top Trump administration officials met Tuesday to further refine a set of options for the president to take action against Iran amid its deadly crackdown on protesters.
The decision that may make it easier for other candidates to challenge voting laws – even if they ultimately win their election.
The Pentagon is working to surge dozens of military lawyers to Minneapolis to assist in federal prosecutions amid an immigration enforcement crackdown there, according to two officials familiar with the matter and a written request that has circulated inside the Defense Department.
The au pair who was having an extra-marital affair with Brendan Banfield when he allegedly killed his wife and another man in February 2023 is set to resume her pivotal testimony in Banfield’s double-murder trial Wednesday morning.
President Donald Trump unveiled in rapid succession last week a series of proposals aimed at reducing Americans’ cost of living, focused on housing and credit card debt.