Jerome Powell, the head of the US Federal Reserve, dismissed speculation that former President Donald Trump could remove him from his position when he returns to office in January 2025. Speaking at a press conference after the Fed lowered its key interest rate to 4.5%-4.75%, Powell said he would not step down if asked, adding that the law protects his role from presidential interference.

Kamala Harris underperformed Biden’s numbers with women. South Dakota’s governor thinks she knows why. In…

Quick View – Contents What does a Donald Trump presidency look like for the economy? On…

In very traditional Republican terms, he’s talking about tax breaks and reduced regulation. In terms of some of his specific pledges on the economy, he’s talking about getting rid of income taxation on tips and overtime. These things combined have the potential to be quite domestically inflationary, I would say.

President-elect Donald Trump is preparing to select his top team for his return to the presidency in January. The former president won the 2024 election by a landslide beating Vice President Kamala Harris, who delivered her first speech since the loss yesterday.

The Republican Party has secured control of the U.S. Senate, flipping key seats in West Virginia, Ohio, and Montana. With these wins, Republicans are guaranteed at least 52 of the Senate’s 100 seats, though a few races remain undecided.