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Senator Tom Tillis is blocking new Federal Reserve nominations until an investigation into Fed Chair Jerome Powell is resolved. Despite the probe being widely seen as baseless, Tillis remains firm, citing concerns about politically motivated investigations. This stance complicates the confirmation of nominee Kevin Warsh and highlights tensions between the White House and Congress over the Fed's independence.
Senator Elizabeth Warren accused former President Donald Trump of trying to install a "sock puppet" as the head of the Federal Reserve. She believes Trump wants to control the central bank to manipulate the economy for political gain and create opportunities for corruption. Warren also criticized the nomination of Kevin Warsh, citing his past actions during the 2008 financial crisis and his shifting stances on interest rates.
Kevin Warsh, President Trump's nominee for Federal Reserve Chair, stated his commitment to the central bank's independence during his confirmation hearing. Warsh emphasized that monetary policy must remain free from political influence and focused on price stability and full employment. He also highlighted the importance of adapting to a changing economic landscape and maintaining accountability.
Senator Elizabeth Warren questioned Federal Reserve nominee Kevin Warsh about his undisclosed $100 million in investments and potential ties to Jeffrey Epstein. Warren also pressed Warsh on his independence from President Trump, asking if he would stand up to the President's economic agenda and acknowledge the 2020 election results.
Kevin Warsh, nominated for Federal Reserve Chair, pledged to uphold the central bank's independence during his Senate Banking Committee hearing. He emphasized rigorous, non-political decision-making in monetary policy. Warsh also shared personal influences and lessons learned from his career, aiming to foster an environment of candor and effective work at the Fed.
Former Federal Reserve governor Kevin Warsh testified before the Senate Banking Committee for his nomination to lead the central bank. He outlined his economic views, focusing on price stability and predictable policy. Senators questioned him on inflation and his past statements.
The US-Iran ceasefire is nearing its expiration, with President Trump accusing Iran of multiple violations. Tensions are high as the US maintains a naval blockade and extends pressure globally. Meanwhile, Texas is suing ActBlue over alleged fraudulent donations, and Canada is addressing alleged CCP transnational repression targeting Falun Gong practitioners.
The U.S. and Iran are heading back to Pakistan for ceasefire talks, with Vice President JD Vance leading the American delegation. Washington has laid out firm "red lines" including Iran abandoning its nuclear program and halting support for terror proxies. While the U.S. might offer sanctions relief, Iran faces a critical decision on whether to meet these demands to avoid potential military action.
A California couple had 13 unexpected guests land in their backyard when a hot air balloon made an emergency landing. The pilot was forced down by changing winds, but thankfully, no one was hurt. The situation turned into a memorable, albeit surprising, event for the homeowners.
Former President Donald Trump believes a new deal with Iran is achievable, but "hyper-masculinity" and past actions like withdrawing from the JCPOA complicate negotiations. Meanwhile, the BBC is considering relaxing rules on mobile phone use at the Proms to attract younger audiences, sparking debate about tradition versus modern engagement.
