Trump backs off on Powell threats — for now

President Trump has supported his dangers to fire Federal Reserve Chair Jerome Powell – for now. The President appeared last week to reach a breaking point with Powell when he told the Republican MPs that he would probably nix the Fed chair soon. But he has been supported since then, while authorities and external voices…

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Reform, not relief, for China

Aerial view of a villager drying Chinese fan palm leaves on July 21, 2025 in Neijiang, Sichuan province of China. Vcg | Visual China Group | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll…

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