Fed Holds Rates as Trump Trade Policy Unclear
The Federal Reserve kept its benchmark rate unchanged after three cuts last year. Powell said the job market remains solid and inflation remains elevated, signaling fewer rate cuts ahead while awaiting clarity on President Trump’s tariff, tax, and deregulation plans.
MENTIONED IN THIS ARTICLE
Fed
Powell
Trump
Washington
Federal Reserve
Donald Trump
Jerome Powell
Kathy Bostlancic
Nationwide Financial
White House rescinds federal funding freeze
The White House ended a memo freezing federal loans and grants, reversing the move after lawsuits and court challenges. The plan sparked alarm among states and organizations relying on federal funding, while officials said reviews aligned with executive orders on climate, diversity, equity, and inclusion. The two sentence notice directed agencies to continue enforcing spending rules, ending court action and focusing on policy implementation.
MENTIONED IN THIS ARTICLE
Washington
Donald Trump
Office of Management and Budget
Administration
Trump
White House
Karoline Leavitt
Congress
Sen
Kevin Cramer
North Dakota
Washington, D.C
Associated Press
Trump proposes mass detention camp at Guantanamo Bay
President Trump outlined plans to build a facility at Guantanamo Bay Naval Base capable of housing 30 000 deportees. He said the camp would detain the worst criminal illegal aliens and double capacity immediately as he pushes to remove migrants.
MENTIONED IN THIS ARTICLE
Trump
Guantanamo Bay
Donald Trump
Guantanamo Bay Naval Base
U.S
White House
Laken Riley
Guantanamo
Cuba
United States
George W. Bush
Kennedy Faces Tough Questions In Health Secretary Hearing
Kennedy struggles to answer questions on Medicare and Medicaid during a three hour Senate Finance Committee hearing. Republicans press for Medicaid reform and cost cutting while Democrats question past remarks and anti vaccine rhetoric. Kennedy seeks GOP support to win confirmation for a job overseeing 1.7 trillion dollars in federal health spending.
MENTIONED IN THIS ARTICLE
Washington
Robert F. Kennedy Jr
Kennedy
Donald Trump
Senate Finance Committee
Bill Cassidy
Louisiana
Health, Education, Labor and Pension Committee
Cassidy
Trump
Hamas to Free Israelis and Thai Hostages Today
Hamas and Israel said a ceasefire move will lead to the release today of three Israelis and five Thai workers. The Israelis include two women Arbel Yehoud and Agam Berger and an 80-year-old man Gadi Moses. Thai identities were not immediately known.
MENTIONED IN THIS ARTICLE
Jerusalem
Hamas
Israel
Arbel Yehoud
Agam Berger
Gadi Moses
Gaza
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J.S. Federal Reserve
Martin Heinrich
New Mexico
Robert F
Milley
Pete Hegseth
Mark Milley
Joint Chiefs of Staff
Pentagon
George Floyd
Menendez
New York
Bob Menendez
Egypt
Bob
Sidney H. Stein
India
New Delhi
Uttar Pradesh
Syria
Damascus
Bashar Assad
Assad
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