President Trump said Friday he is nominating Kevin Warsh to serve as the next chair of the Federal Reserve Board, filling a powerful economic policy role as the president pushes for lower interest rates. Mr. Trump made the announcement on his Truth Social platform. Warsh was a member of the Fed’s board for five years
Washington — The Senate agreed Thursday to move forward with a government funding package while negotiations continue over reforms to immigration enforcement in the wake of last weekend’s fatal shooting by federal agents in Minneapolis, though the deal hit a snag as at least one Republican senator pushed back. Under the deal, lawmakers plan to
President Trump says he will announce his nominee for Federal Reserve chair Friday morning, as he puts pressure on the Fed to cut interest rates. “I’ve chosen a very good person to head the Fed,” he told reporters late Thursday. In response to a question from CBS News senior White House reporter Jennifer Jacobs, the
President Trump on Thursday threatened Canada with a 50% tariff on any aircraft sold in the U.S., the latest salvo in his trade war with America’s northern neighbor as his feud with Prime Minister Mark Carney expands. The president said he was retaliating against Canada for refusing to certify jets from Savannah, Georgia-based Gulfstream Aerospace.
President Trump is suing the Internal Revenue Service and Treasury Department for at least $10 billion, claiming the agencies unlawfully allowed an IRS contractor to leak his tax returns and those of his sons and company. The lawsuit, filed in federal court in Miami on Thursday, was filed in Mr. Trump’s personal capacity, and alleges
President Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a move that could further cripple an island plagued by a deepening energy crisis. The order would primarily put pressure on Mexico, a government that has acted as an oil
January 29, 2026 / 7:21 PM EST / CBS News Add CBS News on Google President Trump says he will announce his nominee for Federal Reserve chair Friday morning, as he presses the central bank to cut interest rates. “I’ve chosen a very good person to head the Fed,” he told reporters late Thursday. .component–type-recirculation