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    Is Trump regretting his battle with the Fed? – podcast

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    Last week, Department of Justice opened a criminal investigation into the chair of the Federal Reserve – and longtime foe of Donald Trump – Jerome Powell. In an extraordinary move, world central bank governors and bank bosses in America pushed back against the Trump administration.This week, Jonathan Freedland speaks to the economist Heather Boushey about why a fight with Wall Street might be one the president regretsArchive: ABC News, PBS Newshour, Bloomberg Television, CBS News, Detroit Free Press, WWMT-TV, News Nation, CBC, Fox 9 Minneapolis-St Paul Continue reading… More

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      Trump’s planned limits on US property investing could spur foray into UK housing market

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      Ban on private equity firms buying single-family homes in US raises concerns instututions could boost deepen housing crisis on BritainLeading US investors and private equity firms could step up their foray into UK new-build housing after Donald Trump’s move to ban institutional companies from buying single-family homes in the US, raising concerns that investors could “cut corners and increase rents”.The US president said last week that he would ask Congress to codify the measure as he tries to address concerns that families are struggling to buy or rent a home. The median property sale price was $410,800 (£305,000) last year, according to the US Census Bureau. Continue reading… More

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      Trump news at a glance: president vows to help ‘Iranian Patriots’ in latest signal of military action against Tehran

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      Administration issues warning to US citizens: ‘Leave Iran now’ – key US politics stories from 13 January at a glanceDonald Trump has told Iranians to keep protesting and said help was on the way, in the clearest sign yet that the US president may be preparing for military action against Tehran.“Iranian Patriots, keep protesting – take over your institutions!!! … help is on its way,” Trump said in a post on Truth Social on Tuesday. He added that he had cancelled all meetings with Iranian officials until the “senseless killing” of protesters stopped. Continue reading… More

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      US Federal Reserve chair says DOJ has threatened criminal indictment – video

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      Jerome Powell said on Sunday that the Department of Justice had threatened him with a criminal indictment and served grand jury subpoenas over Congressional testimony he gave last summer regarding a Federal Reserve building renovation project. Powell says this action is a pretext aimed at putting further pressure on the central bank to lower interest ratesJustice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve Continue reading… More

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      Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

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      Fed chair accuses DoJ of threatening criminal charges over building renovation projects because central bank defied Trump’s interest rate demandsThe Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump’s extraordinary attack on the US central bank.Powell said the Department of Justice had served the Fed with grand jury subpoenas on Friday, threatening a criminal indictment related to his testimony before the Senate banking committee in June last year, regarding renovations to the Fed’s historic office buildings in Washington DC. Continue reading… More

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      From rent to utility bills: the politicians and advocates making climate policy part of the affordability agenda

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      As the Trump administration derides climate policy as a ‘scam’, emissions-cutting measures are gaining popularityA group of progressive politicians and advocates are reframing emissions-cutting measures as a form of economic populism as the Trump administration derides climate policy as a “scam” and fails to deliver on promises to tame energy costs and inflation.Climate politics were once cast as a test of moral resolve, calling on Americans to accept higher costs to avert environmental catastrophe, but that ignores how rising temperatures themselves drive up costs for working people, said Stevie O’Hanlon, co-founder of the youth-led Sunrise Movement. Continue reading… More