US News
LAST UPDATE: July 25, 2025
Trump presses Powell to cut rates during tense visit to Fed
Former President Trump visited the Fed headquarters and urged Chair Powell to cut rates by up to 3 percentage points, criticizing renovation costs—though he did not plan to fire him. (Reuters, Reuters)
Insight
The visit underlines political pressure on the Fed and signals White House frustration with slow monetary easing, even as Fed independence remains intact.
Former Fed Governor Warsh says he’d be ‘honored’ to be Fed chair if asked
Ex‑Fed governor Kevin Warsh said he would be “honored” to serve as Fed chair if asked by Trump, keeping speculation alive about possible leadership change. (Reuters, Reuters)
Insight
Warsh’s openness fuels speculation around potential leadership shifts under political influence, though his previous deference to Powell tempers urgency.
Trump Signs Bill With Funding Cuts to Foreign Aid and NPR, PBS
Trump signed a rescission bill cutting $9 billion in funding, eliminating support for NPR, PBS, and multiple foreign aid programs. (Reuters)
Insight
The move reflects conservative prioritization of budget cuts over public broadcasting and global aid, but critics warn of broader soft power and social implications.
