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President Donald Trump erupted over his hand-picked Federal Reserve chair bucking his advice to slash interest rates. Trump, 80, made clear his displeasure over the central bank’s choice on Wednesday to hike interest rates for the first time since 2023 in an effort to curb rising inflation.
U.S. House has paved the way for a legislation that will allow Trump to impose up to 100% tariffs on countries buying Russian oil, giving him leverage against India and China.
President Donald Trump joked that the heckler would be disciplined by her mother at home.
Michael Whatley, the former chairman of the Republican National Committee, is the president’s pick to replace MAGA rebel Thom Tillis, who is not running for reelection. However, Whatley, who is also the former chairman of the North Carolina GOP, isn’t being received warmly by voters in the swing state.
By Jacob Bogage WASHINGTON, Sept 16 (Reuters) - US President Donald Trump on Wednesday leveled his most pointed — though still indirect — criticism yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank's move to raise interest rates in a bid to calm persistent inflation.
The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards. In a set of quarterly projections, the Fed also signaled that its rate-setting committee expects to hike rates a second time to 4.1%, according to the AP.
The House passed the sweeping Russia sanctions bill long championed by the late Sen. Lindsey Graham on Wednesday, sending the legislation to the White House for President Donald Trump’s signature after more than a year of congressional maneuvering.
Cattle ranchers in red states say Trump's 300,000 metric ton beef import plan has caused market volatility and cost them significant money per head.