President Trump says he’s not planning to fire Fed Chairman Jerome Powell. The president responded to media reports that he’s ready to remove Powell from his job. But he continued to attack Powell for not lowering interest rates. It was Donald Trump who appointed Powell to be Fed chair in 2017. He was reappointed by Joe Biden.
President Trump is defending the 50-day window he’s giving Russia to reach a peace deal with Ukraine.
The president this week threatened to hit Russia with economic penalties if it fails to end its war with Ukraine within 50 days. And he pushed back on the idea that waiting seven weeks is too long. The president said he’s on neither Ukraine’s side, nor Russia’s side — he’s on “humanity’s side.”
Zohran Mamdani has won New York City’s Democratic mayoral primary. The progressive legislator beat out former Gov. Andrew Cuomo for the spot on the ticket. Mamdani declared victory after taking a commanding lead just hours after the polls closed. Cuomo conceded the contest on the night of the election but is running in the general election on an independent ballot. The field of candidates in the general election will also include incumbent Mayor Eric Adams, independent candidate Jim Walden and Republican Curtis Sliwa.
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