Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts
Investors flee US assets as Trump attacks Fed’s 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 “a major loser” 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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President Trump now says he has “no intention” of firing Federal Reserve Chair Jerome Powell, despite calling him a “major loser” just days ago. Trump’s sudden reversal—delivered in the Oval Office—comes 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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Trump has launched a fiery attack on Federal Reserve Chair Jerome Powell, calling for his immediate termination after slamming the Fed’s latest economic report as a “complete mess.” Trump accused Powell of being “too late and wrong” 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 Powell’s stark warning that Trump’s sweeping tariffs could drive the U.S. into stagflation. With Powell’s term running through 2026 and legal protections in place, Trump’s demand has ignited a constitutional debate over presidential power and the independence of America’s central bank.
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The return on Donald Trump to the G7 was always going to be unpredictable. That it is happening against the backdrop of an escalating conflict in the Middle East.. Sky News
A shocking political assassination in Minnesota has left former House Speaker Melissa Hortman and her husband dead, and Senator John Hoffman critically injured. The shooter, disguised as a police officer, is on the run. Governor Tim Walz, President Trump, and national leaders have condemned the attack. The FBI has launched a nationwide manhunt. Is American democracy under attack?
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President Trump addressed the nation from behind protective glass as global tensions sparked renewed fears of World War 3. The speech followed the U.S. Army’s 250th anniversary parade in Washington, D.C., which honored legendary WWII units and showcased both historical and modern military might.
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The U.S. Army marked its 250th anniversary with a grand parade in Washington, D.C. on June 14. Featuring WWII-era uniforms, iconic military vehicles like the Sherman tank, and legendary aircraft such as the P-51 Mustang, the event celebrated both history and modern strength. Special tributes honored heroic units like the 82nd and 101st Airborne. President Trump attended amid protests, as the celebration coincided with his 79th birthday. The event bridged past and present with over 400 soldiers representing the Army's evolution from World War II to today.
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Trump hosts military parade for US Army anniversary amid 'No Kings' protests across the country
A massive military parade commemorating the 250th birthday of the US Army, which coincides with President Donald Trump ’s 79th birthday, was staged in Washington, DC on Saturday.
READ MORE : http://www.euronews.com/2025/06/15/trump-hosts-military-parade-for-us-army-anniversary-amid-no-kings-protests-across-the-coun
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Credit: euronews (in English) Duration: 01:05Published
In a 6–3 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 decision—criticized by Justice Kagan—allows presidents to remove executive officers without cause, but excludes the Federal Reserve. Trump’s 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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