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 'What a disaster': Trump says 'Stupid AOC' should be forced to take a cognitive test after calling for his impeachment ...  Biden's attack on executive privilege to hurt Trump just backfired ...  Trump threatens to 'turn Iran into a parking lot' in bizarre video singing 'bomb Iran'...  Supreme Court bends again to Trump’s will...
Wednesday, 06/25/2025, Video Clip |
Powell says Fed rate cut is on hold even as Trump demands cutsWASHINGTON (AP) — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’s calls for immediate cuts. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Powell said in testimony Tuesday before the House Financial Services Committee. Several Republicans on the committee pushed Powell to consider reducing borrowing costs more quickly, as soon as its next meeting at the end of July. But on the whole, the hearing was uniformly polite and Powell did not face sharp criticism over the Fed’s decision to leave its rate unchanged. Members of both parties thanked Powell for maintaining his focus on the Fed’s dual mission of controlling inflation and supporting maximum employment. Powell has often cited his support in Congress as a bulwark against Trump’s attacks. Trump lashed out again early Tuesday, posting on his social media site: “I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come.” Several Republicans asked Powell why the central bank has yet to lower
Wednesday, 06/25/2025, Video Clip |
 CNN cuts to Trump's press conference moments before he criticizes them...  Democrats Who Backed Obama’s Unilateral Bombings Now Have Problem With Trump’s Iran Strike...  “Reoccupying the Kennedy Center”: Democrats host LGBTQ+ Pride event to protest Trump takeover...  Trump Rips Zohran Mamdani After NYC Primary Triumph: 'Communist Lunatic'...
Face the Nation: Kaine, Khanna, Massie |
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