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Trump visits Fed, won’t fire Powell, seeks rate cuts

Trump visits Fed, vows not to fire Powell while pushing for lower interest rates amid renovation cost controversy

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Trump visits Fed, vows not to fire Powell while pushing for lower interest rates amid renovation cost controversy

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In Short:
– Trump won’t dismiss Powell and wants lower interest rates despite dissatisfaction with his performance.
– He criticised the Fed’s renovation, claiming costs may reach $3.1 billion, which Powell denied.

U.S. President Donald Trump stated he would not dismiss Federal Reserve Chair Jerome Powell during a visit to the Fed’s headquarters. According to Reuters, Trump reiterated his desire for lower interest rates despite previously expressing dissatisfaction with Powell’s performance.

During the visit, Trump criticised the ongoing $2.5 billion renovation of two Fed buildings, which has raised concerns about rising costs and mismanagement by the Fed. Trump alleged the renovation costs may now reach $3.1 billion, though Powell denied awareness of this figure.

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Trump maintained that his priority remains lowering borrowing costs. He downplayed any tensions with Powell, asserting their discussions were productive. The renovation project, which began in 2022, is scheduled for completion by 2027.

Cost Concerns

Senate Banking Committee Chair Tim Scott joined Trump during the visit and has previously questioned the increasing costs of the renovation. Market responses were muted, with bond yields rising following positive jobless claims data. Trump’s criticisms have previously disrupted financial markets by threatening the Fed’s reputation for independence.

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Trump responds as Kristi Noem mandates body cameras for federal officers in Minneapolis

Trump advocates body cameras for police to prevent false claims; Noem mandates all federal officers in Minneapolis to wear them.

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Trump advocates body cameras for police to prevent false claims; Noem mandates all federal officers in Minneapolis to wear them.


Homeland Security Secretary Kristi Noem has ordered body cameras for all federal agents in Minneapolis following public outrage over the deaths of two U.S. citizens at the hands of immigration officers. Donald Trump says body cameras help prevent false claims against police.

The policy change comes as videos and eyewitness accounts have challenged official narratives and fuelled demands for transparency and reform.


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Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

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Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

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Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict
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