US News
LAST UPDATE: July 24, 2025
Trump again calls for Fed board to act, says Powell ‘doesn’t get it’
Former President Trump reiterated criticism of Fed Chair Powell, calling on the Fed board to act and asserting rates should be three percentage points lower to save the country $1 trillion annually.
Insight
Trump’s attack underscores growing political pressure on the Fed, risking its independence and potentially destabilizing long-term market expectations.
Bessent Says ‘No Rush’ to Choose Successor to Fed Chair Powell
Treasury Secretary Scott Bessent stated the administration was starting the succession process for Powell but emphasized there is no urgency, noting Powell remains in place until at least May 2026.
Insight
This signals a measured approach—while succession planning is underway, preserving Fed continuity may help maintain market confidence amid political tension.
Speaker Johnson Says He’s Become ‘Disenchanted’ With Powell
Speaker Mike Johnson expressed growing frustration with Powell’s stewardship of the Fed, indicating rising congressional skepticism about his leadership.
Insight
Congressional pressure mirrors executive scrutiny—escalating conflict may heighten risk to the Fed’s perceived independence, impacting policy credibility.
Trump to decide how Japan investment deal funds spent, White House says
The White House said Trump will determine how the funds from the U.S.–Japan investment portion of the tariff deal are allocated domestically.
Insight
This grants Trump substantial control over implementation, using leverage from the tariff deal to shape political priorities and domestic optics.
US existing home sales hit nine-month low in June
U.S. existing home sales fell to their lowest level since September 2024 in June, reflecting affordability pressures from high mortgage rates and elevated home prices.
Insight
The drop highlights consumer fatigue in housing, signaling possible headwinds for GDP and prompting scrutiny of rate policy impact.
US EPA to withdraw foundation of greenhouse gas rules, sources say
The EPA is preparing to revoke key components of its greenhouse gas regulatory authority, targeting legal basis for emissions limits under the Clean Air Act.
Insight
This reflects a deregulatory shift prioritizing energy industry interests, but it risks long-term climate goals and could invite legal challenges from states.
