_{US NEWS}

Trump and Vance Turn Up the Heat on Powell Over Interest Rates, But Fed Holds the Line

Federal Reserve Chair Jerome Powell is resisting mounting political pressure from President Trump and Vice President JD Vance to cut interest rates ahead of the upcoming Fed decision. Despite Trump's calls for a full percentage point cut to act as "rocket fuel" for the economy, Powell maintains that the Fed must monitor inflation and employment data before making any changes. Inflation has eased but remains above the 2% target. The Fed is widely expected to keep rates steady at 4.25%–4.5% this week for the fourth consecutive meeting. Markets see September as the most likely time for a potential cut. Powell has emphasized that monetary policy will not be swayed by political lobbying, despite Trump’s repeated public attacks labeling him “Mr. Too Late.” Read More.

_{ECONOMIC NEWS}

Trump Leaves G7 Early for “Much Bigger” Mission Than Iran Cease-Fire, Signals Hardline Stance

President Trump abruptly departed the G7 summit, denying that his early exit was to broker a cease-fire between Israel and Iran. Instead, he claimed he is pursuing “a real end” to the conflict—not just a cease-fire—and suggested something “much bigger” is at stake. Speaking aboard Air Force One, Trump warned Iran cannot be allowed to obtain nuclear weapons and urged residents to evacuate Tehran, though he denied issuing a direct threat. While expressing little interest in further negotiations with Iran, Trump said he might send Vice President JD Vance and Special Envoy Steve Witkoff for potential talks, depending on how the situation unfolds. Read Now.