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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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Houthi Rebels Continue Reckless Attacks on Commercial Ships in Red Sea Despite Increased Trade Traffic


According to a recent news article, the Houthi rebels have continued their attacks on commercial ships in the Red Sea, despite the increase in trade traffic.

The commander of US naval forces in the Middle East has warned that the Houthis show no signs of ending their “reckless” attacks, which have included the use of ballistic missiles and drones. The US military has responded to these attacks by sinking three Houthi boats. The attacks have led to the suspension of Maersk’s Red Sea sailings.


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