USA News

Senators gathered at the U.S. Capitol to pay tribute to Lindsey Graham, remembered as a “towering figure” by Majority Leader John Thune. The ceremony preceded Graham’s funeral at Washington National Cathedral, where President Trump and international leaders, including Benjamin Netanyahu and Volodymyr Zelenskyy, are set to attend.

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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.

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.

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