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Fed showdown: Donald Trump’s legal move against Jerome Powell sharpens rate-cut battle; raises questions over central bank independence

The US Justice Department’s threat to criminally indict Federal Reserve Chair Jerome Powell has triggered a fresh confrontation between the White House and the central bank, intensifying concerns over the Fed’s independence and the direction of US monetary policy.The subpoenas, served on Friday, relate to Powell’s June testimony on the $2.5 billion renovation of Federal…

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America’s tariff headache: Trump’s levies hit jobs harder than prices — here’s why

A year after US President Donald Trump introduced a fresh round of tariffs, the economic fallout has proven uneven, with employment taking a clearer hit than prices. At the time, economists warned that the measures would drive up inflation and push unemployment higher. Data from 2025 suggests those concerns were only partly true. While the…

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Trump’s 500% tariff pressure & global crude supply shock risks: Where does India’s oil security stand?

Recent geopolitical tensions and Trump tariffs on India highlight the need for India to step up focus on its energy security. (AI image) Oil is called black gold – and for a reason – it’s the fuel that drives economic growth and oil security is increasingly becoming crucial in a world fraught with geopolitical uncertainties…

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US Supreme Court ruling: Treasury has enough funds if Trump’s tariffs are struck down; when refunds could begin

If the US Supreme Court rules against President Donald Trump’s emergency tariffs, the treasury has more than enough funds to pay for the tariff refunds, treasury secretary Scott Bessent said. The timeline of payments, however, might extend to weeks or even a year, he told Reuters. In an interview, Bessent said he doubted the court…

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Greenland, Iran, Colombia? Who’s next on Donald Trump’s bombing radar

Donald Trump (AI-generated image used for representation) With Donald Trump chasing the “Nobel Peace Prize,” the world, under his cinematography and choreography, has witnessed superscale military operations by the United States. Uncle Sam has alternated between meddler, intimidator, mediator, aggressor, provocateur and even preacher, often depending on Trump’s day and mood.“Peace on Earth” — with…

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‘Modi–Trump share friendly ties’: MEA responds to Trump’s ‘sir please’ remark, says both leaders engage with ‘mutual respect’ | India News

NEW DELHI: The ministry of external affairs on Friday rejected recent claims by Donald Trump, declaring that Prime Minister Narendra Modi and the US President “share a friendly relationship based on mutual respect.”Addressing the weekly media briefing, MEA spokesperson Randhir Jaiswal said, “Prime Minister Modi and President Trump have a friendly relationship and have always…

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Intel CEO Lip-Bu Tan replies to President Donald Trump’s post on ‘Made in America’ chips: ‘We bring…’

Intel CEO Lip-Bu Tan has thanked President Donald Trump for the support in helping the company ‘Make in America’. Tan’s message follows a high-level meeting with the President, who celebrated the ‘milestone’ in American semiconductor manufacturing by highlighting the first “sub-2 nanometer” CPU processors are now being designed, built and packaged entirely within the US.“I…

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