Fed keeps key rate steady signaling two rate cuts later
The Federal Reserve holds the benchmark rate at about 4.3 percent and projects slower growth, inflation near 2.7 percent by late 2025, with two rate cuts anticipated this year. Powell cites tariffs as a temporary inflation driver while unemployment rises to 4.4 percent by year end. The Fed also trims its balance sheet reinvestment to 5 billion monthly.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Trump
Powell
Ukraine and Trump discuss limited ceasefire in Ukraine conflict
Zelenskyy agrees to a limited ceasefire on energy and civilian infrastructure as Trump suggests American ownership of Ukraine power plants to secure critical infrastructure. White House notes say talks covered monitoring, defense arms requests, and ongoing intelligence sharing.
MENTIONED IN THIS ARTICLE
Kyiv
Ukraine
Volodymyr Zelenskyy
Moscow
U.S
Donald Trump
Trump
Zelenskyy
White House
Marco Rubio
Mike
Oval Office
Rubio
Waltz
Europe
Putin
Kremlin
Karoline Leavitt
Russia
DOJ showdown over details on deportation flights
The Justice Department resists a federal judge's demand for more information about planes that carried deportees to El Salvador, asserting court intrusions into executive authority. Judge Boasberg pressed for takeoff and landing times and flight counts, with the DOJ weighing state secrets privileges to withhold data while warning of conflicts over national security and foreign policy.
MENTIONED IN THIS ARTICLE
DOJ
Washington
Justice Department
el Salvador
Executive Branch
Trump
Donald Trump
U.S
James Boas
Department
Boasberg
Trump Eyes Shutdown of Education Department via Executive Order
President Donald Trump plans to sign an executive order to shut the U S Education Department, a move critics call symbolic as Congress would be needed to dismantle the agency created in 1979. The administration has slashed its workforce and cut programs while weighing a broader border security plan involving active duty troops.
MENTIONED IN THIS ARTICLE
Washington
Donald Trump
U.S. Education Department
White House
Trump
Department of Education
Congress
Office For Civil Rights
Institute of Education Sciences
Pentagon
U.S
United States
New Mexico
Defense Department
Mexico
Federal judge keeps DOGE in control of USIP amid concerns
U.S. District Judge Beryl Howell permitted Elon Musk led Department of Government Efficiency to remain in charge of the U S Institute of Peace while criticizing DOGE staff conduct. She objected to threats and police-facilitated access that allowed removal of president George Moose from USIP headquarters. The judge stopped short of restoring the former board members or barring DOGE from the building.
MENTIONED IN THIS ARTICLE
Elon Musk
Department of Government Efficiency
U.S. Institute of Peace
Congress
U.S
Beryl Howell
DOGE
USIP
Institute
George Moose
Howell
Also Mentioned on This Page
Jerome Powell
Treasury
Chernyhiv
Associated Press
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