Progressives led by AOC call for Biden to replace Fed Chair Powell
CNN
Progressive Democrats, including New York Rep. Alexandria Ocasio-Cortez, are calling on President Joe Biden to give the Federal Reserve a sweeping makeover by replacing Jerome Powell as chairman.
"We urge President Biden to reimagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice," the lawmakers said in a statement Tuesday morning. In addition to Ocasio-Cortez, the statement was issued Reps. Rashida Tlaib of Michigan, Ayanna Pressley of Massachusetts, Mondaire Jones of New York and Chuy Garcia of Illinois, all members of the Congressional Progressive Caucus.
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President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very soon.” The problem is that Powell still has 11 months left until the end of his term.
China signaled it would approve the export of rare earth minerals in a statement Friday hours after White House officials said that the US and China had signed a trade agreement to work out tensions linked to US access to the key material.
Jeff Bezos and Lauren Sanchez may or may not have chosen to sign a prenuptial agreement before getting married. But for everyone else wondering about getting a prenup before saying “I do,” there are many factors to consider.
President Trump has ratcheted up his rhetorical battle over recent US airstrikes in Iran by having an attorney send legal letters to CNN and The New York Times demanding retractions of accurate reports.
Some European Union leaders discussed a rethinking of the World Trade Organization, the entity at the center of the global trading system, at the European Council meeting on Thursday night in Brussels.
The former press secretary to President Lyndon B. Johnson and longtime broadcast journalist has died, his family confirmed to CNN.
It was horrifying enough for anyone when a door plug popped off an Alaska Airlines flight at more than 16,000 feet last year, causing an explosive decompression. But one mother’s nightmare was particularly acute, as she thought she lost her baby out of the gaping hole in the side of the plane.
Tucker Carlson’s podcast surged up the YouTube and Spotify charts last week, amid buoyed by his confrontational interview with Senator Ted Cruz and his feud with fellow MAGA media stars over the Israel-Iran conflict.
US stocks opened higher on Thursday and the benchmark S&P 500 was just a whisker away from hitting an all-time high.
Some of President Donald Trump’s steepest tariffs are on products like washing machines, and on Thursday, GE Appliances said it would spend a half a billion dollars to make even more of them in the United States.
Trump Mobile, the wireless service provider and phone company launched by the Trump Organization, no longer promises on its website that its upcoming smartphone will be made in America.
The US economy contracted in the beginning of the year at a much faster pace than previously reported, after new data factored in much weaker consumer spending.
A measure tucked in President Donald Trump’s domestic policy bill making its way through Congress would effectively block states from enforcing AI-related regulations for the next decade, a rule that’s alarming some followers of the tech world.