Trump U-Turns On Fed Chair Powell: “Never Wanted To Fire Him” After Calling Him A ‘LOSER’ | U.S FED
Video Credit: Oneindia - Duration: 04:02s - Published
Trump U-Turns On Fed Chair Powell: “Never Wanted To Fire Him” After Calling Him A ‘LOSER’ | U.S FED
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 announces new tariffs across the globe, delays deadline by seven days
Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on 7 August, as they haven't yet reached a trade deal with the Trump administration.
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Credit: euronews (in English) Duration: 01:05Published
In a bold and controversial move, U.S. President Donald Trump is sending his special envoy Steve Witkoff and Ambassador to Israel Mike Huckabee into Gaza on August 1 to inspect humanitarian aid distribution. The White House says the visit aims to secure better access to food and supplies for Gazan civilians and to witness the devastation firsthand. The decision comes amid mounting international criticism and deepening conflict in the region. Will this trip change the U.S. approach to the crisis?
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Credit: euronews (in English) Duration: 02:55Published
Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell, calling him “Too Late” and blaming him for crippling interest rates. In a fiery speech, Trump accused Powell of political bias, economic mismanagement, and wasting billions on federal buildings. Trump claimed high rates are hurting homebuyers and vowed Powell would be “out soon.” He also demanded an internal Fed investigation and slammed Powell’s $2.7 billion building plan, calling it “mission creep.” The clash signals rising tensions over U.S. monetary policy.
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Kyiv faced a brutal night of missile and drone attacks, leaving at least six people dead — including a young child — and over 50 injured. A nine-story residential building collapsed, trapping many under rubble as rescue teams race against time. The attacks hit 27 locations across the city, with the worst damage in Solomianskyi and Sviatoshynskyi districts. Amid this chaos, US President Trump has set an August 8 deadline for Putin to advance peace talks, warning of severe sanctions if Russia fails to comply. Watch for the latest updates on this escalating conflict.
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