As reported in this CNN article, the Federal Reserve decided yesterday to hold rates between 4.25% and 4.50%. President Trump, who has called for major Federal Reserve rate cuts, was disappointed in the Fed's decision. In a Truth Social post, Trump said that rates should be cut by 2.5 percentage points–equivalent to ten standard rate cuts. Trump...
As reported in this article by The Guardian, earlier this week, President Donald Trump announced that the U.S. had reached a ceasefire agreement with the Houthis in Yemen. The U.S. will stop its bombing campaign against the Houthis, and in return, the Houthis agreed to stop targeting shipping in the Red Sea. The U.S. started its campaign after...
In November, shortly after Donald Trump won the presidential election, I wrote an article about his proposed tariff plan. Now, just a couple of months after taking office, Donald Trump has followed through on his campaign promise, announcing sweeping tariffs on almost every country last Wednesday, on a day President Trump dubbed "Liberation Day."...
According to a recent BBC article, President Donald Trump just signed an executive order that seeks to dismantle the U.S. Department of Education. This order mandated the gradual shutdown of several of the Department's functions and called for transferring major responsibilities to state authorities. The administration's push to shut down the...