Wednesday, July 16, 2025

Creating liberating content

(Image Credits: Instagram) Is Prada feeling guilty for seeking inspiration

Related News

(Image Credits: Instagram) Is Prada feeling guilty for seeking inspiration without giving due credit? The Italian luxury fashion giant has dispatched a high-level team to Kolhapur, Maharashtra, to assess the

NITI Aayog is working on a strategy for Indian Railways to bring in cash from sources other than fare.The agency is planning to focus on asset monetisation, public-private partnerships in

The situation has reached an impasse because Adani’s proposal, despite being unconditional, is not the highest offer available. (AP file photo) Lenders of JP Associates appear to be in a

The Cabinet Committee on Economic Affairs has approved a key exemption for NLC India Ltd (NLCIL), enabling the Navratna PSU to invest Rs 7,000 crore in its wholly owned subsidiary,

The National Highways Authority of India (NHAI) took a step towards sustainable development, announcing that its greenhouse gas (GHG) emissions intensity has been reduced to 0.8 MTCO₂e per kilometre from

Elon Musk’s long-standing dream to colonize Mars has come under sharp criticism from renowned astrophysicist and author Adam Becker, who calls it “the stupidest thing” one could pursue. In a

Trending News

The Cabinet Committee on Economic Affairs has approved a key exemption for NLC India Ltd (NLCIL), enabling the Navratna PSU to invest Rs 7,000 crore in its wholly owned subsidiary,

NEW DELHI: Ashok Leyland shares saw a sharp 51% drop on Wednesday, falling from Rs 250.85 to Rs 123.95, potentially causing concern amongst investors.However, the decline is not due to

State-owned gas utility GAIL Ltd has entered initial discussions to import liquefied natural gas (LNG) from the proposed Alaska LNG project.India is in talks with energy developer Glenfarne as it

Indian banks are getting much-needed relief from structural deposit pressures due to the Reserve Bank of India’s aggressive liquidity support measures introduced this year, Fitch Ratings said in a recent

India’s merchandise trade data for June 2025 reveals a mixed picture, with imports declining and exports largely flat, according to a fresh analysis by the Global Trade Research Initiative (GTRI).Figures

Nvidia CEO Jensen Huang on Wednesday praised China’s contributions to open-source artificial intelligence, calling it a “catalyst for global progress” during his speech at an expo in Beijing.“China’s open-source AI

‘Real Dummy’: Trump says Fed Chair Powell ‘costing America billions’; slams him for not cutting rates again

Word Count: 678 | Estimated Reading Time: 4 minutes


‘Real Dummy’: Trump says Fed Chair Powell ‘costing America billions’; slams him for not cutting rates again

US president slammed Federal Reserve Chairman Jerome Powell on Wednesday after the central bank once again decided not to cut interest rates. The president in his Truth Social post, called Powell a “real dummy” who was “costing America billions.“He also shared an article highlighting criticism from an investor who said Powell should resign “effective immediately” if he didn’t reduce short-term interest rates. It argued the Fed was hurting the housing market by acting too slowly and that inflation had fallen enough to justify a cut.

Screenshot 2025-06-19 111442

.

Fed hits pause again

The US Federal Reserve decided to keep its benchmark interest rate unchanged for the fourth straight meeting, sticking with a range between 4.25% and 4.50%. Fed Chair Jerome Powell said the central bank was in no rush to act and would monitor inflation trends and the impact of Trump’s new tariffs over the summer. “We’ll make smarter and better decisions if we just wait a couple of months,” Powell said, suggesting a cautious stance given the mixed economic signals.The Fed also revised its outlook—cutting its 2025 growth forecast from 1.7% to 1.4%, and raising inflation expectations to 3% and the unemployment rate to 4.5%.

From “stupid” to “worst ever”

Trump’s criticism of Powell is not new. In the past, he has publicly attacked the Fed chairman, including calling him “stupid” just before the rates were announced. Last week, Trump posted, “Fed should lower one full point… so important!” in response to Consumer Price Index (CPI) data he described as positive.Trump has suggested that cutting rates will lower the interest America pays on its debt—an argument critics say overlooks the inflationary risks of such moves.

Tariffs, inflation, and global uncertainty

The Fed noted that Trump’s sweeping 10% tariffs on major trading partners were likely to increase inflation and slow growth. Powell admitted that the full effects were still unclear and may not be visible for several months. “Because the economy is still solid, we can take the time to actually see what’s going to happen,” he said.





Source link

Most Popular Articles