Trump attacks Fed chair, pushes back on recession fears
Wednesday, 30 October 2019 Donald Trump is lashing out at Federal Reserve chair Jerome Powell as the bond market drives fears of an oncoming recession. CBS News White House correspondent Paula Reid, Washington Post economics correspondent Heather Long and Yahoo News White House correspondent Hunter Walker spoke to CBSN's "Red & Blue" about what's driving the president's moves.
Donald Trump wore a mask during a visit to a military hospital, the first time the US president has been seen in public with the type of facial covering recommended by health officials as a precaution against spreading coronavirus.
Credit: PA - Press Association STUDIO Duration: 00:35Published
The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.' Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.
Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery. No major policy announcements are expected when the US central bank's meeting wraps up on Wednesday. However, investors will scrutinize its remarks on the health of the economy, which has been reopening slowly after coronavirus-related closures. According to Reuters, the S&P 1500 airlines index declined 8.5% on Tuesday.
Wall Street bounced higher on Tuesday thanks to the combination of a historic retail sales figure, comments from the Fed chief, a positive study on a possible COVID-19 treatment and hopes for an infrastructure plan. Conway G. Gittens has the details.
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chairman Jerome Powell told Congress on Tuesday. Conway G. Gittens has more of his testimony.
Federal Reserve Chair Jerome Powell on Tuesday testified before the Senate Banking Committee and said that the U.S. economy appears to be entering the second phase of reopening assuming the virus remains under control.
Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. Conway G. Gittens breaks down the numbers.
Political operative and bagman for President Donald Trump, Roger Stone remains a convicted felon. He lied to Congress about foreign interference in the 2016 election and pressured a witness to do the same. Nevertheless, CNN reports Trump commuted Stone's 40-month sentence on Friday. Roger Stone has already suffered greatly. He was treated very unfairly, as were many others in this case.
U.S. President Donald Trump's planned executive order on immigration will not include amnesty for migrants who are in the United States illegally but arrived in the country as children, a White House spokesman said on Friday. Jillian Kitchener has more.
US President Donald Trump has commuted the sentence of his former adviser Roger Stone.The move came just days before Stone was due to report to prison to serve 40 months for crimes related to the Russia investigation.The White House confirmed the commuting of the sentence in a statement, saying Stone was a victim of the Russia “hoax”.
Credit: PA - Press Association STUDIO Duration: 00:44Published
[NFA] Robert Unanue, the CEO of the Hispanic staple food maker Goya Foods, praised President Donald Trump on Thursday at the White House which swiftly led to backlash on Twitter. Colette Luke has more.
Goya Foods CEO Robert Unanue recently praised President Donald Trump in a visit to the White House. The move angered shoppers. Prominent Hispanic American leaders called for a boycott of Goya products. On "Fox & Friends," Unanue said "it was good to talk to some friends," and he called the boycott movement "suppression of speech." President Trump is unpopular among Hispanic Americans. He's trailing Joe Biden by 36% among Latinos.
Business Insider reports that Billionaire philanthropist Bill Gates has been the center of bizarre vaccination conspiracy theories. In a call with reporters Wednesday Gates said it's "almost hard to deny" the conspiracy theories surrounding him and vaccines "because it's so stupid." Misinformation has been circulating claiming that Gates is behind a plot to use vaccines to implant microchips in people. A Yahoo News/YouGov poll shows that 28% of Americans wrongly believe this.
A survey by Yahoo News and YouGov, shed light on a baseless conspiracy theory. The survey showed that 44 percent of Republicans think Bill Gates wants to abuse COVID-19 vaccinations. These Republicans think Gates wants to implant location-tracking microchips into people through the vaccines. President Donald Trump said he’s “very confident” a coronavirus vaccine will be done by the end of 2020. According to Business Insider, experts predict a vaccine will take 12 to 18 months to develop.