The Federal Reserve, America’s powerful central bank, has long been insulated from direct political interference — at least in theory. But the question of how much a president can influence the Fed’s leadership has bubbled up repeatedly in recent years, particularly during President Donald Trump’s first term when he publicly lambasted Fed Chair Jerome Powell for raising interest rates.
The Federal Reserve maintained its benchmark interest rate at 4.25% to 4.5% on May 7, 2025, citing escalating risks of inflation and economic slowdown due to ongoing trade tensions and tariff policies.
Tensions between China and Taiwan escalated Friday as a Hong Kong-owned freighter allegedly severed a vital undersea communications cable near Taiwan. The incident, echoing earlier sabotage in the Baltic Sea, has heightened fears of a potential Chinese "quarantine" of Taiwan, aimed at isolating the island from the global community.
U.S. stocks fell sharply on Wednesday, erasing earlier gains after the Federal Reserve announced a 25 basis point rate cut and projected a slower pace of rate reductions for next year.
All three major U.S. stock indexes closed at record highs on Wednesday, fueled by a strong rally in technology shares and encouraging comments from Federal Reserve Chair Jerome Powell. Salesforce’s positive earnings report and upbeat market sentiment contributed to the surge, while Powell’s remarks on the economy provided an additional boost.
The founder of the YMCA was George Williams was born in 1821 on an English farm in Dulverton, Someset.
Baptized into the Church of England, he described himself growing up to...
Former President Donald Trump said over the weekend that he plans to make the United States the "crypto capital" and "bitcoin superpower of the world."
