37 h. ago Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

Politics

40 h. ago Treasury secretary says China tariffs not sustainable as US signals willingness to de

Scott Bessent said the tariffs – 145% on Chinese products and a retaliatory 125% on US products – would have to come down before talks can proceedStock markets rise as Trump backtracks on high China tariffs and firing Fed chairNato secretary general Mark Rutte will visit the US and meet the secretary of state, Marco Rubio, the defense secretary, Pete Hegseth, and the national security adviser, Mike Waltz, according to a media notice shared by the military alliance’s press office.Rutte will visit the US on 24 and 25 April. Continue reading...

Politics

43 h. ago Law firms targeted by Trump ask judges to permanently bar executive orders against them – live

Law firms Perkins Coie and WilmerHale say Trump’s executive orders against them are acts of retaliation that violate US constitutional protectionsNato secretary general Mark Rutte will visit the US and meet the secretary of state, Marco Rubio, the defense secretary, Pete Hegseth, and the national security adviser, Mike Waltz, according to a media notice shared by the military alliance’s press office.Rutte will visit the US on 24 and 25 April. Continue reading...

Events

44 h. ago Trump says he is suing Perkins Coie law firm after it filed suit against executive order – live

US president claims he is suing law firm for ‘egregious and unlawful acts’ Nato secretary general Mark Rutte will visit the US and meet the secretary of state, Marco Rubio, the defense secretary, Pete Hegseth, and the national security adviser, Mike Waltz, according to a media notice shared by the military alliance’s press office.Rutte will visit the US on 24 and 25 April. Continue reading...

Politics

56 h. ago Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

Events

66 h. ago Gold climbs above $3,500 for first time as Wall Street rallies after slide

Dollar also recovers after Monday’s sell-off prompted by Trump’s attack on Federal Reserve chair caused alarm among investorsBusiness live – latest updatesGold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday’s sell-off that was prompted by Donald Trump’s blistering attack on the Federal Reserve chair, Jerome Powell, caused alarm among investors.Spot gold reached the record price of $3,500.01 on Tuesday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000 only a matter of weeks after the price moved through $3,000 for the first time. Continue reading...

Politics

66 h. ago Even Trump must know that firing the chair of the Fed would be self

Jerome Powell is a soft target for the president amid economic instability. But getting rid of him would only invite more chaosUS stock markets, Treasury bonds and the dollar itself are sliding amid the tariff turmoil and Donald Trump needs a soft target. It was probably only a matter of time before he intensified his attacks on Jerome Powell, chair of the US Federal Reserve. It is an easy narrative to blame the dull central banker with orthodox worries about anchoring inflation expectations. Nor is Powell able to engage in tit-for-tat soundbites. Unlike Trump, he must measure the impact on markets of his every word.The open question is how far Trump intends to push things. Monday’s reaction in financial markets was strong because it seemed for the first time that the president could be serious about removal. “Powell’s termination cannot come fast enough!” declared Trump, which was several notches beyond his usual whine about urging the Fed to hurry up with cuts in interest rates. C...

Politics

67 h. ago Gold soars to a new high as economic uncertainty deepens. Here's what to know

As economic uncertainty deepens worldwide, gold prices keep hitting record after record

Economics

3 d. ago Trump latest: Gold price hits new high after dollar plunges following president’s attacks on Fed chair Powell

The market shifts came after Trump claimed that the economy could slow unless Federal Reserve chair Jerome Powell immediately lowered interest rates

Politics

3 d. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics

3 d. ago Trump calls Fed chair Jerome Powell a 'major loser' as he demands interest rate cuts: Live updates

DAILYMAIL.COM LIVE BLOG: Donald Trump and First Lady Melania are kicking off the White House 's annual Easter egg roll on the South Lawn.

Politics

6 d. ago US senator says margaritas in photo with wrongly deported man planted by El Salvador – live

Chris Van Hollen of Maryland says drinks placed on table created hoax and neither he nor Kilmar Ábrego García touched themThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Culture

6 d. ago US senator says margaritas in photo with wrongly deported man planted by El Salvador

Chris Van Hollen of Maryland says drinks placed on table created hoax and neither he nor Kilmar Ábrego García touched themThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Culture

6 d. ago Trump says US will ‘take a pass’ on Ukraine peace deal ‘if parties make it difficult’ – live

US president tells reporters he needs to see ‘enthusiasm’ from both sides to end the war in UkraineThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Politics

6 d. ago Trump says Maryland senator ‘looked like a fool’ in El Salvador while meeting Ábrego García as legal battles continue – live

Trump administration insists it cannot do anything to free Ábrego García; senator’s visit comes amid court battles over returning Maryland man to the USThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Politics

6 d. ago Senate Democrat meets Ábrego García in El Salvador as legal battles continue – US politics live

Visit by Maryland’s Chris Van Hollen comes as a federal appeals court rules against the Trump’s administration’s efforts to block return to the USThe Democratic senator from New Jersey, Cory Booker, plans to travel to El Salvador, a source familiar with his itinerary said, as Democrats seek to pressure the Trump administration to return Kilmar Ábrego García, the wrongly deported Maryland resident.Booker’s trip to the Central American country would come after the Maryland senator Chris Van Hollen traveled there this week to meet with his constituent.The Supreme Court was clear: the Trump administration must act to facilitate the return of Kilmar Ábrego García to the United States. There is no room for debate – yet Trump is refusing, in defiance of a lawful court order.Every member of Congress should be standing up for the Constitution and demanding that the administration act to return Mr. Ábrego García to the U.S. and to his family.” Continue reading...

Politics

7 d. ago Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

7 d. ago Global economic growth will slow amid Trump tariffs, IMF warns – as it happened

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Events

7 d. ago Global economic growth will slow amid Trump tariffs, IMF warns – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Economics

7 d. ago Trump attacks Fed chair over interest rates and says his termination ‘cannot come fast enough’

President, whose tariff policy has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyBusiness live – latest updatesDonald Trump early on Thursday blasted the Federal Reserve chairman, Jerome Powell, for not lowering US interest rates and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics