Trump's Fed Battle, Clinton Subpoenas, and Hulk Hogan's Passing: AM Update

Trump's Federal Reserve Confrontation

• 🏛️ President Trump visited Federal Reserve headquarters amidst ongoing criticism of Fed Chair Jerome Powell.
• 💰 Trump is demanding lower interest rates, arguing they hinder housing affordability and cost the US over a trillion dollars annually.
• 🏗️ The Fed's $2.5 billion renovation project is a point of contention, with Trump calling it "luxurious" and "out of control."
• 📉 Powell attributes interest rate decisions to tariffs, stating they increased inflation forecasts, while Trump administration officials dispute this.
• 🔒 Powell cannot be legally fired without cause, despite Trump's public dissatisfaction.

Epstein Case Subpoenas

• 📜 The House Oversight Committee approved subpoenas for Bill and Hillary Clinton, along with other former officials, related to Jeffrey Epstein.
• 🕵️ Subpoenas also target former FBI directors and attorneys general, and a motion seeks DOJ release of Epstein files.
• 🤝 The committee aims to include communications between Biden administration officials and the DOJ regarding Epstein.
• ⚖️ Deputy AG Todd Blanch met with Galain Maxwell, who is serving a 20-year sentence for sex trafficking.
• 📰 A Wall Street Journal report indicated the DOJ informed Trump his name is among many in the Epstein files, though described as "unverified hearsay."

Passing of Hulk Hogan

• 🇺🇸 Legendary wrestler and Trump supporter Hulk Hogan (Terry Bollea) passed away at 71 from cardiac arrest.
• 🎤 Hogan was known for his role in the rise of wrestling popularity in the 1980s and his "Hulkmania" phenomenon.
• 📣 He delivered a notable speech at the 2024 Republican National Convention, expressing strong support for Trump.
• ❤️ President Trump remembered Hogan as a "MAGA all the way" friend with a "biggest heart."