Trump can fire Powell if there’s cause: Hassett

National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025.  Kevin Lamarque | Reuters National Economic Council Director Kevin Hassett said Sunday that whether the Trump administration has the authority to fire Federal Reserve Chair Jerome Powell is “being looked into.” “But certainly, if there’s…

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Trade tensions cloud earnings and the G20 heads south

Jason Hawkes | Riser | Getty Images Earnings season always seems to roll around with alarming frequency. The newsroom approaches each quarter with a nervous energy, but this summer it feels especially heightened. Recent market records in both the U.S. and Europe, alongside an unpredictable economic environment, paint a complicated picture for the second half….

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Federal Reserve rebuts Trump admin renovation attacks

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., June 24, 2025. Kevin Lamarque | Reuters As the Trump administration escalates its criticisms of the Federal Reserve and Chairman Jerome Powell, the central bank is…

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Judge orders Trump administration to halt indiscriminate immigration stops, arrests in California

A federal judge on Friday ordered the Trump administration to halt indiscriminate immigration stops and arrests in seven California counties, including Los Angeles. Immigrant advocacy groups filed the lawsuit last week accusing President Donald Trump’s administration of systematically targeting brown-skinned people in Southern California during its ongoing immigration crackdown. The plaintiffs include three detained immigrants…

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