Fed Chair Powell says he won’t resign if Trump asks him to step down

Federal Reserve Chair Jerome Powell said he won’t step down if President-elect Donald Trump, who has previously criticized Powell’s performance, asks him to resign.  Speaking at a press conference Thursday to discuss the Fed’s move today to cut its benchmark interest rate by 0.25 percentage points, Powell added that it is not permitted under the

The Federal Reserve lowers interest rates by 0.25 percentage points

The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. The expected move by the U.S. central bank provides additional relief to millions of Americans grappling with high borrowing costs.  The Fed cut, half the size of its September reduction, lowers

What is South Korea’s 4B movement, and why is it trending in the US?

After President-elect Donald Trump’s victory against Vice President Kamala Harris in the 2024 presidential election was driven in part by young male voters, some are calling for the use of South Korea’s “4B Movement” in the United States.  The presidential election was seen by many as a referendum on women’s rights. Trump has been found