Author: Newyorki

Former President Donald Trump reignited concerns about the independence of the Federal Reserve this week after reportedly asking Republican lawmakers whether he should dismiss Fed Chair Jay Powell before the end of his term. The move triggered sharp market reactions, with the U.S. dollar dipping as much as 0.9% against major currencies before stabilizing. According to multiple sources, Trump posed the question during a meeting with roughly a dozen Republican members of Congress on Tuesday night. While he later publicly downplayed the prospect of firing Powell, saying it was “highly unlikely” unless fraud were involved, his remarks fueled speculation and…

The U.S. Department of Justice has dismissed Maurene Comey, a long-serving federal prosecutor who handled several high-profile cases, including the investigation into Jeffrey Epstein and the prosecution of Ghislaine Maxwell. Her termination, confirmed by three individuals familiar with the matter, occurred on Wednesday, though no official reason was provided. Comey, the daughter of former FBI Director James Comey, had served nearly a decade in the Southern District of New York (SDNY). Most recently, she was involved in the case against music producer Sean “Diddy” Combs, who was acquitted of the most serious charges earlier this month but convicted on prostitution-related…

Financial markets have been rattled by former U.S. President Donald Trump’s increasing criticism of the Federal Reserve, with investors expressing concern over the central bank’s independence and its ability to manage inflation. The volatility began after reports emerged that Trump had asked lawmakers whether he should dismiss Federal Reserve Chair Jay Powell. The U.S. dollar responded by dropping 1.2% against a basket of major currencies, though it later regained some ground following Trump’s reassurance that firing Powell was “highly unlikely.” Despite this, market participants remain uneasy. Bill Campbell, a portfolio manager at DoubleLine Capital, commented, “Even after pulling back, there…

The U.S. Senate has passed a controversial $9 billion spending cut package that targets public broadcasting institutions and foreign aid programs, marking a significant legislative win for President Donald Trump’s administration. The measure passed narrowly in the early hours of Thursday by a 51–48 vote along largely partisan lines in the Republican-controlled Senate. Public Broadcasting at Risk Under the proposed legislation, major public broadcasting entities such as National Public Radio (NPR) and the Public Broadcasting Service (PBS) stand to lose all federal funding. The decision aligns with longstanding criticism from conservative lawmakers who argue that these organizations exhibit liberal bias…

On Thursday, July 17, tens of thousands of Americans are expected to gather at more than 1,600 locations across the United States in a coordinated nationwide protest titled Good Trouble Lives On. The protests, scheduled on the fifth anniversary of the death of civil rights icon Rep. John Lewis, are intended to challenge a wide range of policies associated with former President Donald Trump. The phrase “Good Trouble” originates from Lewis himself, who encouraged Americans to engage in “good trouble, necessary trouble” in pursuit of social justice. Organizers, including the League of Women Voters, Declaration for American Democracy Coalition, and…

President Donald Trump has sharply criticized segments of his conservative base for questioning his administration’s handling of the Jeffrey Epstein case, dismissing their concerns as misguided and labeling them “weaklings” who have been “duped.” In a fiery social media post on July 16 and subsequent comments during an Oval Office appearance, Trump lashed out at supporters who have demanded greater transparency over documents related to Epstein, the convicted sex offender who died in jail in 2019 while awaiting trial on federal sex-trafficking charges. Trump condemned the ongoing focus on the case, which he described as a “hoax” and “boring.” Addressing…

President Donald Trump publicly denied on Wednesday that he intends to dismiss Federal Reserve Chairman Jerome Powell, despite reportedly telling Republican lawmakers the previous evening that he was considering such a move. Speaking to reporters during a meeting with Bahrain’s Crown Prince in the Oval Office, Trump said, “No, I’m not talking about that. Fortunately, we get to make a change in the next eight months or so,” referring to Powell’s term ending in May 2026. However, a senior White House official told USA TODAY that in a closed-door Oval Office meeting on Tuesday night, Trump told a group of…

U.S. inflation rose to 2.7% in June, surpassing economists’ expectations and reflecting the early effects of President Donald Trump’s tariff campaign on consumer prices. The increase in the Consumer Price Index (CPI), reported Tuesday by the Bureau of Labor Statistics, marked a jump from 2.4% in May and exceeded Bloomberg’s consensus forecast of 2.6%. The uptick adds pressure to an already heated debate over monetary policy, with President Trump renewing calls for the Federal Reserve to aggressively cut interest rates. “Consumer Prices LOW,” Trump posted on Truth Social. “Bring down the Fed Rate, NOW!!!” Tariffs Begin to Influence Inflation Economists…

The U.S. dollar fell sharply on Wednesday following reports that President Donald Trump asked congressional Republicans whether he should dismiss Federal Reserve Chair Jay Powell, a move that raised concerns about the independence of the central bank and rattled global financial markets. According to a senior White House official who spoke with the Financial Times, Trump broached the topic during a meeting in the Oval Office late Tuesday with Republican lawmakers. The official added that those present were generally supportive of the idea. Speculation intensified after Florida Congresswoman Anna Paulina Luna posted on X that she was “hearing” Powell’s dismissal…

The United States has deported five foreign nationals to the southern African kingdom of Eswatini as part of a broader effort under President Donald Trump’s administration to accelerate deportations to third countries. The move is part of a growing trend of transferring non-citizens—many with criminal records—to nations with which the U.S. has no previous immigration ties. The individuals deported—originating from Cuba, Laos, Jamaica, Vietnam, and Yemen—arrived early Wednesday on what the Department of Homeland Security (DHS) described as a “safe third country deportation flight.” According to DHS spokesperson Tricia McLaughlin, the five had been convicted of serious crimes including murder,…