The ongoing feud between former President Donald Trump and Federal Reserve Chairman Jerome Powell has once again grabbed headlines, escalating into a public spectacle that raises critical questions about the U.S. economy and the independence of its central bank. From fiery social media posts to a heated in-person confrontation over building renovation costs , the tension between these two powerhouses is impossible to ignore. The Flashpoint The latest chapter in this saga began when Trump took to social media, branding Powell a "numbskull" and doubling down on his demand for lower interest rates to fuel economic growth . Powell, steadfast in his role, pushed back, citing persistent inflation concerns as justification for maintaining steady rates. The clash wasn’t just verbal—it played out in front of cameras, with the two sparring over the seemingly mundane issue of Federal Reserve building renovation costs . Yet, beneath the surface, this skirmish revealed deeper fault l...
Putin, I extend greetings to all Christians on the day of Christ’s Resurrection
Vladimir Putin greeted Orthodox Christians and all citizens of Russia celebrating Easter Sunday. With great sincerity, I extend greetings to all Christians on the day of Christ’s Resurrection, the great holiday of Easter. I know that members of all religious denominations and followers of all traditional religions in Russia will join me in these greetings. This year celebrations are being held under mandated restrictions. They are necessary to fight the spread of the coronavirus infection, a disease that is by now known throughout the world. By joining efforts, together we are overcoming challenges as they emerge. And as I have repeatedly said, we have everything we need for this – a healthy and strong economy, scientific capabilities, the necessary material base and highly professional healthcare. We are carefully monitoring the experience of foreign countries and are engaged in active cooperation with our foreign friends and colleagues. We are aware of what is going on and see the ri...
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