Trump Criticizes Fed Chair Powell, Congressional Stock Trading Ban Gains Traction

Federal Reserve Interest Rates

• 💡 The Federal Open Market Committee (FOMC) decided not to reduce interest rates, keeping them at 4.25–4.5%.
• ⚠️ For the first time in 30 years, a double dissent occurred, with Fed Vice Chair Michelle Bowman and Governor Christopher Waller voting to lower rates.
• 🎯 Both Bowman and Waller are reportedly considered potential nominees by President Trump to replace Fed Chair Jerome Powell.

Trump's Criticism of Jerome Powell

• 🗣️ President Trump harshly criticized Fed Chair Jerome Powell on Truth Social, calling him "too late," "too angry, too stupid, and too political."
• 💰 Trump stated that Powell's actions are costing the country trillions of dollars.

Congressional Stock Trading Ban

• 📈 A new effort in the Senate aims to enact a ban on stock trading for members of Congress.
• 💬 President Trump accused Nancy Pelosi of becoming rich through insider information and believes she should be nervous.
• ✅ Nancy Pelosi, while supporting the ban, called the accusations "ridiculous."

Redistricting and Census Proposals

• 🎯 Texas has unveiled a mid-decade redistricting map that could eliminate five Democratic congressional seats.
• 📊 Florida Governor Ron DeSantis is calling for a new census that counts only U.S. citizens.
• ⚖️ DeSantis argues this would align with constitutional intent and could shift congressional representation, potentially causing California to lose seats.

Other News

• 📰 Kamala Harris announced she is not running for governor of California and is releasing a new book.
• 👨‍⚖️ Father Carlos Martins has been cleared of criminal wrongdoing following accusations of inappropriate behavior.
• 😂 The Babylon Bee humorously reported Kamala Harris stepping away from politics to spend more time with her vodka.