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Trump Targets Fed Chair Powell Over Renovation Costs

  In a dramatic escalation of his long-standing feud with Federal Reserve Chair Jerome Powell, former President Donald Trump has signaled a potential path to remove Powell from office—citing alleged mismanagement of a $2.5 billion renovation project at the Fed’s Washington headquarters. The renovation, which includes upgrades to aging infrastructure and removal of hazardous materials like asbestos, has ballooned in cost over the years. Trump and his allies claim the project includes extravagant features such as rooftop gardens, VIP dining rooms, and premium marble—claims Powell has publicly denied. The Fed insists the renovations are necessary and cost-effective in the long term, consolidating staff and reducing rental expenses. While the Supreme Court has affirmed that a president cannot dismiss the Fed chair over policy disagreements, Trump may be attempting to build a case for removal “for cause,” alleging Powell misled Congress about the renovation’s scope and budget. Criti...
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In a bold statement, former U.S. President Donald Trump has issued a stern warning to Iran, holding it accountable for any future attacks carried out by Yemen's Houthi rebels. Trump, posting on his Truth Social platform, accused Iran of orchestrating the Houthis' actions, providing them with weapons, funding, and intelligence. He declared that any further aggression by the Houthis would be met with "great force," emphasizing that the consequences for Iran could be severe.

This warning follows a series of U.S. airstrikes targeting Houthi positions in Yemen, which reportedly resulted in significant casualties. The strikes come amidst heightened tensions in the region, with the Houthis launching attacks on commercial vessels in the Red Sea and expressing solidarity with Gaza amid its ongoing conflict.

The United Nations has called for restraint, urging all parties to avoid further escalation. However, Trump's remarks signal a potential shift in U.S. policy, with a focus on holding Iran directly responsible for the actions of its allies in the region.

This development adds another layer of complexity to the already volatile Middle East, as global leaders watch closely to see how Iran responds to these accusations and threats.

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