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The Latest Breaking News from the Oval Office

Trump’s pick for Fed chair isn’t enough to threaten central bank independence, says top economist—especially if Jerome Powell decides to stick around

“The question then becomes, will Powell leave as a governor?”

Fortune

Bessent says New York can ‘drop dead’ if it elects Mamdani and ever needs a bailout

Bessent seemed determined to drive his warning home: “You can’t enact policies like this and expect to be bailed out.”

Fortune

How to watch Donald Trump's Oval Office announcement today

DONALD Trump is set to make an announcement later today, with speculation surrounding his health and absence from the public eye rife

The National (Scotland)

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Markets are so used to the TACO trade they didn’t even blink when Trump extended a tariff delay with China

Once upon a time, a decision to delay sky-high tariffs on China would have been an 11th hour save—but in 2025 markets barely noticed.

Fortune

Trump is like a medieval king, former UK ambassador to US says

Kim Darroch accused the US President of ‘turning the Oval Office into a reality set’ during an appearance at the Edinburgh Festival Fringe.

Evening Standard

‘Masterful inactivity’ reigned at Fed’s latest meeting—but notes reveal more officials are coming around to Donald Trump’s way of thinking

Fed officials are increasingly split on rate cuts, though UBS’s Paul Donovan says their indecision currently amounts to little more than “masterful inactivity.”

Fortune

Dimon backs Fed's 'wait-and-see' rate cut strategy despite Trump’s criticism of 'Too Late Powell'

JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.

Fortune

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U.S.-China deal signals Trump's team has an appetite for deescalation, leaving analysts wondering if this is a clean-up operation or longer term strategy

Markets are rallying this morning following Treasury Secretary Scott Bessent's announcement that China and the U.S. would both be dropping their tariff rates by 115% for 90 days.

Fortune

The Fed will likely keep interest rates on hold today, so markets will be watching for Trump’s reaction

If markets are hoping for some hints from Jerome Powell, the Fed chairman might disappoint.

Fortune

Trump Signs Executive Order To Cut NPR, PBS Public Funding

US President Donald Trump signed an executive order on Thursday to cut public funding for NPR and PBS, accusing the news outlets of being biased in his latest attack on traditional media.

International Business Times

Nobel-winning economist warns Trump’s tariff walk-back makes them ‘worse’ than they were in the first place

Economist and Nobel laureate Paul Krugman says Trump’s tariff pause is only making life harder for investors.

Fortune

Trump’s ‘art of the retreat’ may signal he’s setting Powell up to take the fall for economic turmoil

Trump’s tactical retreat on key points like Fed Chair Powell and trade negotiations with China signals a change within the White House—potentially lining up a scapegoat if its policies fall flat.

Fortune

'Nobody’s ever heard of it. It’s gonna be a record': Donald Trump is claiming victory for the stock market’s rebound

The White House claimed the "art" of Trump's deal hadn't been appreciated by media and the markets.

Fortune

'Our daughter called peace’: Ukrainian mother on raising a child during war

Recent tension in the Oval Office has highlighted a deep chasm between the US and Ukraine. American leaders seem not to fully grasp why Ukrainians…

The National (Scotland)

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Fortune

Jamie Dimon thinks Trump's fixation with Jerome Powell is somewhat to be expected

JPMorgan Chase CEO Jamie Dimon is unsurprised by President Trump’s push for lower inflation and interest rates—but warns that doesn’t mean the Oval Office can control them.

The Independent UK

Voices: Keir Starmer’s fawning at the court of Donald Trump now leaves a sour taste

COMMENT: As the prime minister prepares to host European leaders at a Downing Street summit this weekend to discuss the Russian threat, his ‘triumphant’ White House visit has been tarnished by the televised punishment beating of Volodymyr Zelensky, says John Rentoul

The Guardian - US

AP excoriates White House barring of reporters as ‘alarming precedent’

Editor Julie Pace writes to Trump’s chief of staff about ban on its journalists after AP declines to use ‘Gulf of America’

The Independent UK

‘Important lesson’: British media reacts to Donald Trump’s presidential victory

The UK’s newspapers feature a raft of opinions on the former president’s impending return to the Oval Office.

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Top News

Governor Branstad defends Trump's actions during Capitol attack and praises China relations

In this interview, Governor Branstad reflects on his service in the Trump administration, expressing his disapproval of the Capitol attack while discussing...

WEKU

He was diagnosed with ALS. Then they changed the face of medical advocacy

After Brian Wallach was diagnosed with ALS, he and his wife Sandra Abrevaya threw themselves into advocating for patients. Everyone up to President Biden took notice.

People

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