A nomination hearing for Trump’s pick to fill a vacant Fed board seat is expected next week. President Donald Trump’s rapidly escalating war with the Federal Reserve is set to become one of the first high-profile clashes in Congress when lawmakers return from their August recess. Trump’s move to fire Fed Reserve Gov. Lisa Cook … Read more
Judges may be reluctant to second-guess the president’s claim about what counts as good “cause” for the firing. President Donald Trump’s quest to expand his power has moved to the marble corridors of the Federal Reserve, an institution once considered politically and legally off-limits. It will almost inevitably land at another marbled institution: the Supreme … Read more
The ultra-calculating central bank tried to put off confrontation with Trump for as long as possible. Now, time’s running out. The Federal Reserve is not a place that panics. My experience of the central bank and its staff is that they try to think as many steps ahead as possible. Just as Fed policymakers weigh … Read more
Trump called out South Korea in a social media post hours before meeting the country’s president. And yet Lee Jae-myung was still able to walk away with a smile on his face. The odds were stacked against Lee Jae-myung before he entered the doors of the Oval Office. North Korea continues to ramp up its … Read more
More than half of respondents said they believed President Trump’s actions aimed at reducing crime in Washington, D.C., are justified, according to a Harvard Caps/Harris poll released Monday. While 54 percent said the actions are justified, 46 percent of voters surveyed called Trump’s actions “unjustified and not necessary,” according to the poll. Opinions on Trump’s … Read more
The president signed an executive order that could cut federal funding to New York in response to its criminal justice laws. NEW YORK — New York City Police Department officials will meet with U.S. Attorney General Pam Bondi on Monday afternoon as Mayor Eric Adams’ administration is making the case to President Donald Trump that … Read more
The administration has zeroed in on Chicago as the next target in its effort to address crime with military deployments. President Donald Trump intensified his rhetoric about intervening to address crime in Chicago via the National Guard on Monday, inching closer to the potential next step in his administration’s efforts to increase military presences in … Read more
Key Points President Donald Trump met with President Lee Jae Myung of South Korea. The two nations recently struck a trade deal that capped tariffs on South Korea’s exports to the U.S. at 15%. Trump and Lee discussed diplomacy with North Korea at the summit. Trump said he has a “great relationship” with North Korean … Read more