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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
Trump visits Fed, vows not to fire Powell while pushing for lower interest rates amid renovation cost controversy
– 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.
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.
Gunmen open fire at Bondi Beach Hanukkah Festival; chaos ensues, raising safety concerns for public events.
What started as a joyful summer Sunday at Bondi Beach quickly descended into chaos when a gunman opened fire during a Hanukkah festival, leaving multiple dead and injured. The attack prompted an immediate counter-terrorism response as authorities scrambled to contain the situation. Witnesses described the horror unfolding in a busy public space, with brave bystanders and first responders stepping in to help.
The attack raises serious questions about the safety of major public events and religious gatherings. Why are such spaces increasingly vulnerable to violence, and how do authorities assess and prepare for these risks? Experts point to growing concerns about radicalization and the challenges of protecting open, high-profile locations.
In an exclusive interview, we speak with Tim Harcourt from UTS to explore the bigger picture. He discusses the role of bystanders, the impact of such incidents on public safety, and how authorities balance immediate response with long-term safety measures. Tune in for insights into how our communities can stay safer in an unpredictable world.
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#BondiBeach #HanukkahFestival #TerrorAttack #PublicSafety #CounterTerrorism #FirstResponders #AustraliaNews #PublicEvents
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Trump and Albanese sign rare-earth deal: What it means for U.S.-Australia relations
Trump and Albanese’s rare-earth deal reshapes U.S.-Australia relations amid rising geopolitical challenges.
Trump and Albanese’s rare-earth deal reshapes U.S.-Australia relations amid rising geopolitical challenges.
In a groundbreaking meeting in Washington, U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a historic rare-earth deal that marks a significant shift in the relationship between the two nations. This agreement signals a potential alignment amid growing concerns over defense, technology, and foreign policy. As both countries face shifting geopolitical dynamics, this deal could redefine their strategic collaboration.
The U.S. and Australia have long been key allies in countering China’s influence, especially in the Indo-Pacific region. This deal, which focuses on rare-earth materials crucial for defense and technology sectors, demonstrates how both nations are looking to strengthen their ties. Australia’s role as a strategic partner is now more critical than ever, with the growing influence of China posing a shared challenge.
Chris Berg, an expert from RMIT University, discusses the implications of this partnership, including its impact on Australia’s security needs and its relationship with the U.S. regarding Taiwan, the Middle East, and the broader Indo-Pacific. From the AUKUS agreement to the U.S.-Australia approach to Palestine, these issues are shaping the future direction of bilateral relations.
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#AustraliaUSRelations #RareEarthDeal #TrumpAlbanese #USAlliance #Geopolitics #IndoPacific #AUKUS #MiddleEastEurope
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Bondi Beach terror attack: Hanukkah celebrations turned tragic
Gunmen attack Hanukkah celebration at Bondi Beach, resulting in 16 deaths and outrage over rising anti-Semitism in Australia.
Gunmen attack Hanukkah celebration at Bondi Beach, resulting in 16 deaths and outrage over rising anti-Semitism in Australia.
In a devastating and unexpected attack, two gunmen opened fire on crowds celebrating Hanukkah at Bondi Beach, leading to at least 16 deaths and numerous injuries. This horrific act of terror has shocked the nation, igniting widespread outrage and calls for unity against anti-Semitism. The Jewish community, along with the public, is grappling with the unimaginable loss and trauma caused by the attack.
Government officials have condemned the violence, and law enforcement agencies are intensifying their efforts to prevent further incidents. While details about the gunmen are still emerging, the bravery of bystanders who intervened to stop the shooting has been widely praised. This act of terror has sparked a crucial conversation about safety, security, and the ongoing issue of anti-Semitism in Australia.
As the nation mourns, leaders from both religious and community sectors are calling for solidarity, urging authorities to take stronger action against hate-driven violence. Rabbi Abraham Cooper from the Simon Wiesenthal Center joins us to share his perspective on the impact of this tragedy on the Jewish community and how Australia can address the rise of anti-Semitism in the country.
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#BondiBeach #HanukkahAttack #AntiSemitism #AustraliaTerror #JewishCommunity #GunViolence #SydneyTragedy #PublicSafety
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