Trump claimed that it was former President Joe Biden who appointed Powell to be head of the Federal Reserve. However, Powell was initially appointed to the role by Trump during his first term in 2018 and was reappointed by Biden in 2022.

WASHINGTON (TNND) — President Donald Trump is once again putting public pressure on Federal Reserve Chair Jerome Powell, calling for interest rate cuts amid signs of a cooling labor market. But while rate cuts have been projected for months, the Fed hasn’t moved since December of 2024, and Powell doesn’t seem ready to cave just yet.

Early Wednesday afternoon, July 16, President Donald Trump held a rambling press conference in the White House. Trump covered a lot of ground during the presser, railing against his familiar targets — from former President Joe Biden to U.

A newly surfaced video shows Kerr County commissioners and residents in 2021 delaying over $10 million in federal funds —dismissing it as "Biden money"—that could have been used for critical infrastructure upgrades. The decision is now under fire after the destructive July 4 Texas floods exposed weaknesses in the county's emergency systems.

A Tennessee attorney and Nashville native has been confirmed as the first judicial nominee of Trump's second term in office.

Key Points Trump’s tariffs on China in his first term produced low inflation, averaging under 2% Tariffs throughout history have not typically caused inflation to increase The Federal Reserve with great evidence has acted with political bias

Joe Biden defended himself from critics who argue that the autopen used to sign off on pardons was done without his knowledge.