News

Trump urges Powell to lower interest rates now

Trump urges Fed Chair Powell to cut interest rates, claiming it’s an economic mistake, during their first meeting in his second term.

Published

9 months ago

May 30, 2025

Ahron Young

Trump urges Fed Chair Powell to cut interest rates, claiming it’s an economic mistake, during their first meeting in his second term.

In Short:
President Trump met with Federal Reserve Chair Jerome Powell, expressing concern over high interest rates affecting the U.S. economy. Powell maintained that monetary policy will depend on economic data and emphasised the Fed’s independence from political influence.

President Trump met with Federal Reserve Chair Jerome Powell, expressing his belief that Powell is making a mistake by not reducing interest rates.

The meeting was initiated by Trump, according to the Fed’s statement, but Powell did not disclose his specific views on monetary policy. He emphasised that future policy decisions would rely on economic data.

White House Press Secretary Karoline Leavitt confirmed that Trump conveyed his belief that not lowering interest rates puts the U.S. at a disadvantage compared to China and others. Trump has been critical of interest rates, suggesting last month he might attempt to dismiss Powell, but has since refrained from that action.

Remain independent

Powell, earlier this month, indicated that he does not seek meetings with presidents, maintaining that monetary policy decisions should remain independent. The Fed has been cautious about cutting rates, mindful of potential inflation risks from tariffs and the overall economic situation.

The meeting follows a recent court ruling that affected tariffs, increasing uncertainty for businesses. The Fed typically operates independently, crucial for long-term investment stability.

While recent Supreme Court decisions have given Trump more authority over other independent boards, the Federal Reserve’s structure protects its officials from arbitrary removal. Terminations can only occur for valid reasons, as interpreted by the courts.

News

Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

Published

16 hours ago

March 2, 2026

Ahron Young

What’s happening in the Middle East?

President Donald Trump says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed
Iran is entering a transitional period, with a three man leadership council temporarily taking control
The U.S. military confirms three American service members were killed in the joint Israeli U.S. operation
The White House says U.S. forces have destroyed and sunk nine Iranian naval ships
Israel and the United States continue strikes on Iranian targets, with Tehran launching missile and drone retaliation across Israel and Gulf states
Shipping, aviation and oil markets have been disrupted, with civilians fleeing major cities amid escalating tensions

News

Israel strikes Tehran anew as conflict escalates and global markets react

Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.

Published

16 hours ago

March 2, 2026

Harvey Vargas

Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.

Israel has launched a new wave of strikes on Tehran, following the reported killing of Iran’s Supreme Leader, Ali Khamenei. U.S. President Donald Trump has warned the campaign could last up to a month, framing the operation as a move to prevent Iran from acquiring nuclear capabilities.

Iran has retaliated with missile attacks, while its Revolutionary Guards claim responsibility for assaults on oil tankers in the Gulf. The escalating hostilities are already disrupting global shipping lanes and air travel, sending shockwaves through international markets.

With reports of the first U.S. casualties emerging and Washington declaring the Tehran operation a success, tensions across the Middle East are intensifying rapidly. The question now is how far this conflict could spread — and at what cost.

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News

U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

Published

2 days ago

March 1, 2026

Ahron Young

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.