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Trump says Fed chair Powell's "termination cannot come fast enough" President Donald Trump tore into Federal Reserve chairman Jerome Powell on Thursday, citing reports of how the European Central Bank is expected to cut interest rates again and urging him to lower US rates now. “The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Trump posted on Truth Social early Thursday morning. Trump is slated to meet with Italian Prime Minister Giorgia Meloni later today.
“Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!” Trump continued.
On Wednesday, after Powell warned that the effects of Trump’s tariffs “remain highly uncertain,” stocks took a drop. Trump appointed Powell in 2018 and former President Joe Biden reappointed him to another four-year term. Keep in mind: There are legal barriers for Trump, and any other president, to remove or fire a Fed chair.
It requires what America’s central bank refers to as “for cause.” Ultimately, the Supreme Court could have the final say on what merits a “for cause” firing of a Fed chair. But while that fight, which would probably be lengthy, plays out, Powell would likely still get to stay in his job until his term ends.
CNN’s Auzinea Bacon contributed reporting to this post. At least 5 killed in Russia’s overnight strikes on Ukraine ahead of Paris summit Russia pounded several regions of Ukraine overnight into Thursday, hours ahead of a summit in Paris where Ukrainian officials are set to meet with a top delegation from the United States. At least five people were killed and 66 others were injured in the strikes, which spanned from Sumy in the northeast to Kherson region in the south.
Ukraine’s air force said Russia used two Iskander-M ballistic missiles and at least 75 Shahed-type drones. It said its air defenses had shot down 25 of these Shahed drones and at least 30 “dummy” drones – drones that do not carry an explosive warhead but that are meant to overwhelm air defenses – had crashed “without negative consequences.” In the southern Dnipropetrovsk region, at least three people were killed – including a child – and 30 others were injured, according to Serhiy Lysak, head of the region’s military administration.
President Volodymyr Zelensky said Ukraine endured a “difficult night” of strikes launched by Russia. “It was a difficult night in Dnipro – a strike by Russian drones,” Zelensky wrote on Telegram, saying Moscow had struck “ordinary houses, ordinary civilian infrastructure.” A 17-year-old girl called Veronika was among the three people killed in the strike on Dnipro, Zelensky said.
“Every defense package for Ukraine from our partners, every form of support from the world for our resilience is literally about protecting lives. Russia uses every day and every night to kill. We must put pressure on the killers and help lives to end this war and guarantee a lasting peace,” Zelensky said.
Lysak said a dozen apartment buildings, a dozen private homes, a school and other buildings were damaged in the “massive” drone attack. Despite US President Donald Trump’s claims that he could bring the war in Ukraine to a swift end, Russia has stepped up its strikes in recent weeks. Biden praises Harvard’s stand against Trump as university faces high-stakes showdown, report says Former President Joe Biden lauded Harvard University for its firm stance against demands for policy changes by the Trump administration during a private seminar Wednesday at the Harvard Kennedy School, student newspaper The Harvard Crimson reported .
Speaking to a small group of students, Biden commended the university’s response as a powerful example of leadership during its escalating standoff with Washington. “Harvard stepped up in a way no one else has,” Biden said, according to two students at the off-the-record event, the Crimson reported. “You should be really thankful.
” When asked by a Crimson reporter if Harvard should pursue legal action against the federal government, Biden reiterated his support for the university’s approach but stopped short of advocating a lawsuit. “I think Harvard should just do what it’s doing — lifting everybody up,” he told the Crimson. A Harvard Kennedy School spokesperson declined the Crimson’s request comment on Biden’s remarks.
A spokesperson for Biden also declined to comment, according to the newspaper. The seminar was scheduled weeks before a funding standoff between Harvard and the Trump administration began. After rejecting demands from the administration, including ending its diversity, equity and inclusion initiatives and turning over information on international students , the university is facing the potential loss of its tax-exempt status and a $2.
2 billion funding freeze — a financial blow that has prompted disruptions and sparked concerns over staffing and ongoing projects. Biden’s visit to Harvard marks a rare public appearance since he left office in January. On Tuesday, he made his first public remarks at a conference of disability advocates in Chicago.
Ukrainian ministers in Paris to meet US delegation Ukraine’s foreign minister, defense minister and a top aide to President Volodymyr Zelensky landed in Paris early Thursday to meet US officials in a European summit on ending the war in Ukraine — the highest-level talks in weeks. “We are working on critical issues for the security of Ukraine and all of Europe,” Andriy Yermak, head of Zelensky’s office, wrote on X. Yermak said meetings are scheduled with the representatives of the US “currently present in France.
” US Secretary of State Marco Rubio and envoy Steve Witkoff are set to take part in Thursday’s talks. Yermak said that Defense Minister Rustem Umerov and Foreign Minister Andrii Sybiha will meet representatives from the “coalition of the willing” — a band of countries stepping in to support Ukraine’s war effort while the US winds down its military footprint in Europe. The summit has been billed as Europe’s chance to gauge the Trump administration’s thinking on the war, following its direct negotiations with Moscow that have sidelined both Brussels and Kyiv.
Witkoff met Vladimir Putin in St. Petersburg last week — his third meeting with the Russian president this year. On the ground: Russia pounded several regions of Ukraine overnight into Thursday, hours ahead of the summit.
The strikes killed at least five people and wounded 66 others, and spanned from Sumy in the northeast to Kherson region in the south. In the southern Dnipropetrovsk region, at least three people were killed – including a child – and 30 others were injured, according to Serhiy Lysak, head of the region’s military administration. The Trump administration is widening its immigration crackdown.
Here's the latest The Trump administration continues to test how far it can push its compliance with court orders it disagrees with. A federal judge ruled Wednesday that “probable cause exists” to hold administration officials in criminal contempt for violating his order to halt the use of the Alien Enemies Act to deport alleged Venezuelan gang members to a Salvadoran mega-prison. Here’s the latest on the immigration crackdown : Maryland lawmaker visits El Salvador: Democratic Sen.
Chris Van Hollen met with El Salvador’s Vice President Félix Ulloa about the case of Maryland resident Kilmar Armando Abrego Garcia , who was mistakenly deported. Van Hollen said he was not able to visit him in prison. Administration doubles down: President Donald Trump said on Truth Social that it’s his job to remove “killers and thugs” from the US.
Attorney General Pam Bondi reiterated Abrego Garcia is “not coming back to our country.” Wife responds to revealed documents: Abrego Garcia’s wife acknowledged she had filed a temporary protective order against him four years ago, but said they had worked through their issues. No legal basis: As Trump administration lawyers assess whether it is legally viable to send American citizens who have committed violent crimes to El Salvador’s notorious mega-prison, legal experts made clear that Trump lacks any legal authority to ship domestic convicts out of the US.
Harvard under pressure: Homeland Security Secretary Kristi Noem is threatening to strip Harvard University of its ability to enroll international students if it doesn’t turn over records on “illegal and violent activities,” the agency said. Harvard is also facing a funding freeze and a potential loss of its tax-exempt status . Student visas revoked: More than 840 international students and recent graduates at more than 130 schools in the US have had their visas or statuses revoked in the Student and Exchange Visitor Information System this year, according to university statements and spokespeople.
Funding freeze threatens research: As Trump threatens to withhold billions of dollars in federal funding from colleges across the nation, the future of innovation – and America’s global leadership in research and development – could be at stake..
