Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year

Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point rate cuts over the remainder of the year. By contrast, Trump has called for rate cuts totaling as much as 3 percentage points. Trump has carried out a pressure campaign at the Fed with little precedent.

The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants

The Federal Reserve announced that it slashed interest rates for the second time this year amid rising unemployment and increasing inflation. The Federal Open Market Committee released its statement on Wednesday saying that it would slash interest rates by a quarter of a percentage point.

On Wednesday, California Attorney General Rob Bonta joined a coalition 23 attorneys general in filing an amicus brief in the U.S. Supreme Court in Donald J. Trump v. Lisa D. Cook, a case concerning President Trump’s attempt to remove Federal Reserve Governor Lisa Cook from her position on the Federal Reserve Board.

Instead he is railing at the Federal Reserve, particularly Chairman Jerome Powell. One Fed governor who disagreed with him has fallen on her sword. He is trying to fire another and replace her with someone more compliant.

President Donald Trump’s social media platform will soon let users wager on elections and other political events he’s involved in. Trump Media announced Tuesday morning that Truth Social will launch a new feature allowing users to bet on everything from elections and Federal Reserve rate decisions to gold and crude oil prices using cryptocurrency.