Trump’s Latest Fed Jab Breeds More Dismay Than Drama
HuffPost
Global investors were shell-shocked after Trump struck another blow at the Federal Reserve's independence, caught between the concerns over politicisation of policy and the payoffs for markets.
SINGAPORE, Aug 26 (Reuters) - Global investors were shell-shocked on Tuesday after U.S. President Donald Trump struck another blow at the Federal Reserve’s independence, caught between the concerns over politicisation of policy and the payoffs for markets.
Trump’s announcement he was firing Fed Governor Lisa Cook surprised markets, even though he had made clear last week that Cook was a target and has for months attacked Chair Jerome Powell as part of his campaign to get the Fed to cut rates.
“It’s another crack in the edifice of the United States and its investibility,” said Kyle Rodda, a senior financial market analyst at Capital.com in Melbourne.
Rodda said he was concerned about the motives of the Trump administration, that the move was not to preserve Fed integrity but rather to install Trump’s own people at the central bank.
“It goes back to trust in institutions,” he said.
The lawsuit accuses the Defense Department of violating reporters' First Amendment rights.
“It’s become quite a messy and toxic situation,” a Eurovision expert said.
The Duke of Sussex jabbed the president during a Hallmark-inspired comedy bit with host Stephen Colbert.
The illustrated image is... something.
“These are serious charges, and that’s the reason we’re going to have special oversight,” said Sen. Roger Wicker, the Republican chair of the Senate Armed Services Committee.
The network's senior medical analyst put an inventive twist on the president's drowsy appearance during his Cabinet meeting.
Many blasted the House minority leader's reaction to Trump pardoning a Democrat who was indicted on charges of bribery and acting as a foreign agent.
The Pentagon knew there were survivors after a September attack on an alleged drug boat in the Caribbean Sea and the U.S. military still carried out a follow-up strike.
In a deal with federal prosecutors entered Tuesday, former Florissant Officer Julian Alcala pleaded guilty to 20 counts of willfully depriving someone of their right to be free from unreasonable search and seizure.
The initial findings ramp up the pressure on the former Fox News Channel host after lawmakers had called for the independent inquiry into his use of the commercially available app.
Perry had been taking the drug legally as a treatment for depression. But his regular doctor wouldn't prescribe it in the amounts he wanted.
The former secretary of state called the shift towards getting news from social media content a “serious problem” for democracy.
The complaint names U.S. Secretary of Defense Pete Hegseth as being responsible for the killing of fisherman Alejandro Carranza Medina.