Jerome Powell<\/a> has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends, or will he take the unusual step of remaining a governor?<\/p>\nPowell\u2019s term as Fed chair ends May 15, but because of the central bank\u2019s complex structure, he has a separate term as one of seven members of its governing board that lasts until January 31, 2028. Historically, nearly all Fed chairs have stepped down from the board when they\u2019re no longer chair. But Powell could be the first in nearly 50 years to stay on as a governor.<\/p>\n
Many Fed-watchers believe the criminal investigation into Powell\u2019s testimony about cost overruns for Fed building renovations was intended to intimidate him out of taking that step. If Powell stays on the board, it would deny the White House a chance to gain a majority, undercutting the Trump administration\u2019s efforts to seize greater control over what has for decades been an institution largely insulated from day-to-day politics.<\/p>\n
\u25b6 Read more about Federal Reserve Chair Jerome Powell<\/p>\n
Trump announces outlines of health care plan he wants Congress to consider <\/p>\n
Trump on Thursday announced the outlines of a health care plan he wants Congress to take up as Republicans have faced increasing pressure to address rising health costs after lawmakers let subsidies expire.<\/p>\n
The cornerstone is his proposal to send money directly to Americans for health savings accounts so they can handle insurance and health costs as they see fit. Democrats have rejected the idea as a paltry substitute for the tax credits that had helped lower monthly premiums for many people.<\/p>\n
Trump\u2019s plan also focuses on lowering drug prices and requiring insurers to be more upfront with the public about costs, revenues, rejected claims and wait times for care.<\/p>\n
Trump has long been dogged by his lack of a comprehensive health care plan as he and Republicans have sought to unwind former President Barack Obama\u2019s signature legislation, the Affordable Care Act. Trump was thwarted during his first term in trying to repeal and replace the law.<\/p>\n
\u25b6 Read more about Trump\u2019s health care plan<\/p>\n
Trump isn\u2019t waiting for future generations to name things after him. It\u2019s happening now <\/p>\n
Most American presidents aspire to the kind of greatness that prompts future generations to name important things in their honor.<\/p>\n
Donald Trump isn\u2019t leaving it to future generations.<\/p>\n
As the first year of his second term wraps up, his Republican administration and allies have put his name on the U.S. Institute of Peace, the Kennedy Center performing arts venue and a new class of battleships.<\/p>\n
That\u2019s on top of the \u201cTrump Accounts\u201d for tax-deferred investments, the TrumpRx government website soon to offer direct sales of prescription drugs, the \u201cTrump Gold Card\u201d visa that costs at least $1 million and the Trump Route for International Peace and Prosperity, a transit corridor included in a deal his administration brokered between Armenia and Azerbaijan.<\/p>\n
On Friday, he plans to attend a ceremony in Florida where local officials will dedicate a 4-mile (6-kilometer) stretch of road from the airport to his Mar-a-Lago estate in Palm Beach as President Donald J. Trump Boulevard.<\/p>\n
\u25b6 Read more about Trump\u2019s renaming efforts<\/p>\n
Are Trump\u2019s supporters getting what they want from his second term? Here\u2019s what a new poll shows <\/p>\n
Nearly a year into his second term, Trump\u2019s work on the economy hasn\u2019t lived up to the expectations of many people in his own party, according to a new AP-NORC survey.<\/p>\n
The poll from The Associated Press-NORC Center for Public Affairs Research finds a significant gap between the economic leadership Americans remembered from Trump\u2019s first term and what they\u2019ve gotten so far as he creates a stunning level of turmoil at home and abroad.<\/p>\n
Just 16% of Republicans say Trump has helped \u201ca lot\u201d in addressing the cost of living, down from 49% in April 2024, when an AP-NORC poll asked Americans the same question about his first term.<\/p>\n
At the same time, Republicans are overwhelmingly supportive of the president\u2019s leadership on immigration \u2014 even if some don\u2019t like his tactics.<\/p>\n
There is little sign overall, though, that the Republican base is abandoning Trump. The vast majority of Republicans, about 8 in 10, approve of his job performance, compared with 4 in 10 for adults overall.<\/p>\n
\u25b6 Read more about the poll\u2019s findings<\/p>\n
Middle East allies in blitz of diplomacy urged Trump to hold off on Iran strikes, diplomat says <\/p>\n
Several Middle Eastern allies of the United States have urged the Trump administration to hold off on strikes against Iran for the government\u2019s deadly crackdown on protesters, according to an Arab diplomat familiar with the matter.<\/p>\n
Top officials from Egypt, Oman, Saudi Arabia and Qatar have raised concerns in the last 48 hours that a U.S. military intervention would shake the global economy and destabilize an already volatile region, said the diplomat who spoke on condition of anonymity to describe the sensitive conversations.<\/p>\n
Oil prices fell on Thursday as the markets appeared to take note of President Donald Trump\u2019s shifting tone as a sign that he\u2019s leaning away from attacking Iran after days of launching blistering threats at Tehran for its brutal crackdown.<\/p>\n
Nevertheless, White House press secretary Karoline Leavitt on Thursday maintained that \u201call options remain on the table\u201d for Trump as he deals with Iran.<\/p>\n
\u25b6 Read more about Trump and Iran<\/p>\n
\u2014 Matthew Lee, Aamer Madhani and Ben Finley<\/p>\n","protected":false},"excerpt":{"rendered":"Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The…\n","protected":false},"author":2,"featured_media":700185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[49,978,659],"class_list":{"0":"post-700184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-united-states","9":"tag-us","10":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115905571216351596","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/700184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=700184"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/700184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/700185"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=700184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=700184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=700184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}