Trump says Fed Chair Jerome Powell's "termination cannot come fast enough"
CBSN
President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough."
Mr. Trump's comments on his social media app, Truth Social, comes after Powell delivered a speech on Wednesday that warned of the potential consequences of the Trump administration's trade war, while reiterating that the central bank plans to hold interest rates steady for now.
The Fed has put the brakes on interest rate cuts this year due to sticky inflation, which has remained higher than its target growth rate of 2% per year.
We share our planet with maybe 10 million species of plants, animals, birds, fish, fungi and bugs. And to help identify them, millions of people are using a free phone app. "Currently we have about six million people using the platform every month," said Scott Loarie, the executive director of iNaturalist, a nonprofit.
Washington — As voters gear up for the midterm elections in November that will decide control of the House and Senate, the Supreme Court is set to weigh Monday whether states can count mail ballots that are postmarked by, but arrive after, Election Day.
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The Senate on Saturday blocked an amendment that would ban transgender athletes from playing in women's sports, rejecting one of President Trump's priorities as he pressures Congress to act on a broad voting bill.
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Washington — The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple people briefed on the discussions, as a U.S.-Israel-led military campaign against Tehran enters a more uncertain phase. In: