Trump, Powell and Fed
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President Donald Trump put Federal Reserve Chairman Jerome Powell on the spot about the renovation of the Fed going over budget.
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.
The Supreme Court on Wednesday said it will allow President Trump to fire three members of the independent Consumer Product Safety Commission.
Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the president.
1don MSN
The court signaled again that it believes the president has the power to fire the leaders of agencies and commissions that Congress said were independent.
A breakthrough in talks on a cease-fire deal between Israel and Hamas has eluded the Trump administration for months as conditions worsen in Gaza.
The dispute over the State, Private and Tribal Forestry funding could leave the Washington Natural Resources Department without $20 million in expected funding for its firefighting efforts. According to Whitney, if the funds aren’t released, it would impact the state agency’s 2026 budget.
The two sides agreed to have a prisoner exchange of 1,200 people, National Security and Defense Council Secretary Rustem Umerov said.