Despite the string of bank failures in the U.S, the US central bank has raised interest rates again, despite fears that the move could add to financial turmoil.
The Federal Reserve increased its key rate by 0.25 percentage points, calling the banking system "sound and resilient".
President Trump now says he has âno intentionâ of firing Federal Reserve Chair Jerome Powell, despite calling him a âmajor loserâ just days ago. Trumpâs sudden reversalâdelivered in the Oval Officeâcomes after sharp criticism and market turbulence. Wall Street surged on the news, as fears of a central bank shakeup faded. Trump had previously accused Powell of failing to cut interest rates. The about-face follows internal White House talks on removing Powell, who is legally protected until 2026. Critics warned that firing him could destabilize the entire financial system.
#Trump #JeromePowell #FederalReserve #InterestRates #TrumpNews #FedChair #MonetaryPolicy #StockMarket #WallStreet #USPolitics #WhiteHouse #Powell #TrumpReversal #EconomicPolicy #CentralBank #BreakingNews #OvalOffice #TrumpStatement #FinanceNews #PowellProtected #RateCutDebate #TrumpFedClash #TrumpMarkets #USEconomy #PaulAtkins #TrumpSpeech #FinancialStability #KevinHassett #PowellUnderFire #PowellStays #TrumpvsPowell
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Investors flee US assets as Trump attacks Fedâs Powell and calls for rate cuts
Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as âa major loserâ in a social media post. The US dollar weakened to a three-year low.
READ MORE : http://www.euronews.com/2025/04/22/investors-flee-us-assets-as-trump-attacks-feds-powell-and-calls-for-rate-cuts
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Credit: euronews (in English) Duration: 01:30Published
Trump has launched a fiery attack on Federal Reserve Chair Jerome Powell, calling for his immediate termination after slamming the Fedâs latest economic report as a âcomplete mess.â Trump accused Powell of being âtoo late and wrongâ on interest rate policy and compared him unfavorably to the European Central Bank, which just issued its seventh rate cut in a year. The outburst follows Powellâs stark warning that Trumpâs sweeping tariffs could drive the U.S. into stagflation. With Powellâs term running through 2026 and legal protections in place, Trumpâs demand has ignited a constitutional debate over presidential power and the independence of Americaâs central bank.
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U.S President Donald Trump has shared a TikTok video claiming he intentionally crashed the stock market to push the Federal Reserve into slashing interest rates. The videoâoriginally posted by a user named âAmericaPapaBearââsuggests Trumpâs economic tactics could benifit poor Americans. It falsely claims Warren Buffett praised Trumpâs strategies as the best in 50 years. Meanwhile, J.P. Morgan has increased the chances of a recession as market volatility continues to rise.
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US President Donald Trump has pledged unwavering commitment to his aggressive tariff strategy, calling it a chance to âget rich.â Despite a massive stock market crash and mounting global backlash, Trump insisted tariffs are essential to protect American jobs. China, Canada, and the EU have responded with retaliatory duties, sparking fears of a global trade war. The WTO warns of economic contraction, while the US Fed sees inflation risks rising. Still, Trumpâs administration denies any harm to American businesses, claiming domestic growth will offset global tensions.
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Pahalgam Attack: Tensions are running high near the Attari-Wagah border following the recent Pahalgam terror attack. OneIndia team visited villages along the sensitive border region to assess the ground situation. Farmers in the area have been asked to harvest their crops early, with those owning land beyond the barbed wire given a deadline of May 1. Authorities have intensified security, and BSF deployment has been increased as a precautionary measure. Watch our ground report to understand the heightened alert in Punjabâs border belt and what it means for residents and farmers.
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A new NCRI survey reveals disturbing levels of support for political violence in the U.S., with 55% of left-leaning Americans saying Trumpâs assassination could be justified. Elon Musk isnât far behind, as nearly half express similar sentiments toward him. Over 57% even support attacking Tesla dealerships. NCRI warns of a rising âassassination cultureâ fueled by far-left ideology. Meanwhile, support grows online for Luigi Mangione, a Murder suspect now seen by some as a vigilante folk hero.
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In New Delhi, Union Minister Piyush Goyalâs remark labeling many Indian startups as mere âdukaandarsâ has sparked intense debate. Startup founders, tech leaders, and citizens voiced their take on whether Indiaâs startup ecosystem should focus on consumer delivery apps or pivot to deep tech innovation. Zepto's Aadit Palicha, Ashneer Grover, and others have weighed in. While some support Goyalâs vision of India as a tech leader, others argue that consumer platforms also drive growth and jobs. Oneindia News captures diverse opinions from Indiaâs capital.
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The US tariff impact is sending shockwaves across global markets, with India and other Asian giants facing new trade barriers. Robinder Nath Sachdev, a Foreign Affairs Expert, explains how Trumpâs move is aimed at securing voter confidence and fulfilling his promises. While some nations may retaliate, India may have little reason to do so. Will these tariffs boost Trumpâs domestic standing, or will they backfire? Oneindiaâs Pankaj Mishra speaks with Sachdev to break it down.
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A 12-year-old boy from Thanjavur, suffering from a severe bone marrow disorder, has been granted life-saving surgery under the Tamil Nadu CMâs Health Insurance Scheme. His family's desperate plea for help went viral after OneIndia Tamil reported his condition, drawing the attention of authorities. Following CM MK Stalinâs intervention, the child was admitted to Madurai Meenakshi Mission Hospital for immediate treatment. Watch the full story of how media impact turned into a life-changing moment for this young boy.
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