US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him âstupidâ, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US presidentâs global tariff policies.
READ MORE : http://www.euronews.com/2025/06/19/us-federal-reserve-keeps-interest-rates-unchanged-as-it-awaits-the-impacts-of-trumps-globa
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Donald Trump has sharply escalated rhetoric surrounding the Israel-Iran conflict, asserting that 'Iran is in ruins' and issuing a pointed warning to Iranâs Supreme Leader Ayatollah Ali Khamenei: 'Good luck' if he refuses to surrender. His sharp remarks came as Iranâs Supreme Leader Ayatollah Ali Khamenei declared that the nation "won't surrender" to foreign pressure, issuing a stern warning to both Israel and the United States amid escalating tensions in the region.
Ayatollah Ali Khamenei delivered a blistering address six days into an escalating conflict that erupted on June 13, when Israel launched an extensive long-range bombing campaign against Iranian military targets. In retaliation, Iran unleashed a barrage of missiles and drones, fueling concerns of a broader conflict engulfing the Middle East.
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The US central bank has made no change to interest rates and warned the world's biggest economy will see less growth and higher inflation due to tariffs. Sky News
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In a 6â3 decision, the Supreme Court ruled that President Trump had the authority to fire Biden-appointed officials Wilcox and Harris mid-term, weakening decades-old congressional protections over independent agencies. The decisionâcriticized by Justice Kaganâallows presidents to remove executive officers without cause, but excludes the Federal Reserve. Trumpâs firings stalled the NLRB and Merit Board, halting key decisions. While the ruling marks a major shift in separation of powers, the Court says a final judgment is still pending.
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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.
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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
In todayâs broadcast, Deutsche Bank has raised concerns that persistently high interest rates from the Federal Reserve could pose a serious threat to U.S. borrowers. In Los Angeles, roughly 500..
India's central bank cuts interest rates more than expected, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighs on the country's outlook. The Reserve Bank..
The U.S.-China tariff conflict continues to escalate as China denies any plans for a phone call between President Xi Jinping and President Trump, contradicting White House claims. With trade tensions..
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