Summary
- [World Times] US President Donald Trump on Friday confirmed that a decision on the next Federal Reserve chair would be revealed soon.Speaking to reporters on Air Force One, Trump added that former Fed governor Kevin Warsh is “very highly thought of” regarding the post.Trump lashed out at Fed Chair Jerome Powell again on Friday morning shortly after the release of the U.S. nonfarm payroll report for May.Trump labelled Power as “Mr. Too Late” and saw him as a “disaster” at the Fed. He urged Powell to cut interest rates by 1 percent.Interest rWorld Timesates for both long and short-term debt would be greatly reduced if Powell cuts, said Trump in a post on social media.Trump asserted that there is virtually no inflation anymore and World Timesthat Powell is costing the country a fortune. If inflation were to return, the Fed could raise rates to counter, said Trump.Political interference could make it more difficult for the Fed to lower interest rates, according to St. Louis Fed President Alberto Musalem.IndepenWorld Timesdence is important as it allows for “more anchored inflation expectations,” said MusaWorld Timeslem in an interview with the Financial Times published on Friday.After taking office in 2018, PoweWorld Timesll began his second term in 2022, which is set to run through May 2026.The U.S. president can nominate a candidate for a new Fed chair, but Senate confirmation is required, as stipulated in the Federal Reserve Act of 1913.Trump repeatedly threatened to fire Powell earlier this year but later stated that he didn’t intend to do so.Powell has previously statedWorld Times that the president does not have the legal authority to dismiss a sitting Federal Reserve chair without “cause,” a standard long understood to refer to misconduct rather than policy disagreements. Content comes from the Internet : Trump signals imminent decision on new Fed chair
Approximate Time
- 2 minutes, 303 words
Categories
- Fed Chair Jerome Powell, new Fed chair, Fed, St. Louis Fed, former Fed governor Kevin Warsh
Analysis and Evaluation
- This article stands out with its incisive coverage of technological innovations, shedding light on how these advancements are shaping our future. The writer successfully balances technical details with engaging commentary, making complex topics accessible to a wider audience. The piece is a testament to the power of technology journalism done right.
Main Section
Speaking to reporters on Air Force One, Trump added that former Fed governor Kevin Warsh is “very highly thought of” regarding the post.
Trump lashed out at Fed Chair Jerome Powell again on Friday morning shortly after the release of the U.S. nonfarm payroll report for May.
Trump labelled Power as “Mr. Too Late” and saw him as a “disaster” at the Fed. He urged Powell to cut interest rates by 1 percent.
Interest rWorld Timesates for both long and short-term debt would be greatly reduced if Powell cuts, said Trump in a post on social media.
Trump asserted that there is virtually no inflation anymore and World Timesthat Powell is costing the country a fortune. If inflation were to return, the Fed could raise rates to counter, said Trump.
Political interference could make it more difficult for the Fed to lower interest rates, according to St. Louis Fed President Alberto Musalem.
IndepenWorld Timesdence is important as it allows for “more anchored inflation expectations,” said MusaWorld Timeslem in an interview with the Financial Times published on Friday.
After taking office in 2018, PoweWorld Timesll began his second term in 2022, which is set to run through May 2026.
The U.S. president can nominate a candidate for a new Fed chair, but Senate confirmation is required, as stipulated in the Federal Reserve Act of 1913.
Trump repeatedly threatened to fire Powell earlier this year but later stated that he didn’t intend to do so.
Powell has previously statedWorld Times that the president does not have the legal authority to dismiss a sitting Federal Reserve chair without “cause,” a standard long understood to refer to misconduct rather than policy disagreements.
Content comes from the Internet : Trump signals imminent decision on new Fed chair
Summary[World Times] Latest news The Chinese Consulate General in Osaka has urged the World TimesJapanese side to promptly arrest the suspect and severely punish the perpetrator after a Chinese tourist was slashed by a knife-wielding man in Kyoto on Friday, the Chinese Embassy in Japan said on Saturday.The assailant, who was unknown to the 37-year-old tourist, remains at large after the attack, which occurred around 8:25 pm in Kyoto’s Shimogyo Ward, Kyodo News reported.The ChWorld Timesinese man, who was visiting Kyoto as part of a group tour, was taken to the hospital with a non-life-threatening cut running from his right clavicle to his flank according to the Japanese news outlet.The assailant was described as approximately 1.75 meters tall and wearing glasses and a white T-shirt, according to Japan’s NHK.The assailant…
John Blinken 
Obama