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Biden re-nominates Trump pick Jay Powell for SECOND term as Federal Reserve Chair during rapid inflation and despite fierce criticism from progressives including Elizabeth Warren
22/11/21 14:30
President Biden announced Monday he is renominating Trump-era Republican Federal Reserve Chair Jerome Powell for a second term, defying complaints from progressives.
Biden nominated Lael Brainard, a Democrat, for vice chair. She will replace Richard Clarida, another Trump-appointed Republican. 'I'm confident that Chair Powell and Dr. Brainard's focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before,' Biden said in a statement....read
'There was a sea of bills, everywhere': Armored truck spews cash over San Diego freeway after door bursts open: FBI and California Highway Patrol are looking for looters and asking them to RETURN the money
20/11/21 15:36An armored truck spewed cash all over a San Diego freeway this week after one of its doors burst open, and now the FBI is looking for those who ran off with the money.Good luck with that! FBI demands motorists return money they grabbed in frenzy after armored truck spewed cash over San Diego freeway when doors flew open: Two arrested
20/11/21 15:18The FBI and the California Highway Patrol are looking for people who took money off Interstate 5 near San Diego after an armored trunk spewed cash on the road.
The Bachelorette's Brooke Blurton flaunts her leggy figure in a fitted blazer and platform heels as she attends Melbourne Fashion Week
16/11/21 13:32The reality star caught the eye in a grey fitted blazer and chunky heels as she attended the Fed Square runway show at Melbourne Fashion Week on Tuesday.
Jen Psaki says inflation impacting millions has become a 'political cudgel' and insists soaring gas prices makes a 'stronger case for doubling down' on clean energy
12/11/21 20:48Inflation has 'become a political cudgel, and it shouldn't be,' said White House Press Secretary Psaki Friday. She cited experts who said Biden's 'Build Back Better' plan won't add to inflation.
Video emerges of Biden's Soviet-born Comptroller of the Currency nominee saying she wants oil and gas companies to go 'bankrupt to tackle climate change'
10/11/21 23:39Video has emerged of President Joe Biden's nominee to lead the Office of the Comptroller of the Currency, Saule Omarova, saying she wants oil and gas companies to go 'bankrupt.'
Stocks tumble on heels of inflation report: Dow plunges 240 points and Nasdaq falls 1.7% after consumer prices jumped 6.2% - the biggest increase in 31 years
10/11/21 23:27US stock and bond markets were roiled on on Wednesday following an unexpected inflation reading that showed consumer prices jumped 6.2 percent in October from the year before.
Household debt hits a record high of $15 TRILLION as home and car prices soar and Americans splurge on credit card purchases
09/11/21 23:24In a report on Tuesday, the Federal Reserve said that total household debt increased by $286 billion to $15.24 trillion in the third quarter of 2021, after leveling off for much of the pandemic.
Getting the beers in? SCOTUS Justice Brett Kavanaugh returns to Georgetown Prep to cheer on his former high school team - 39 years after he was accused of groping Christine Blasey Ford at the elite Jesuit academy
24/10/21 13:13Brett Kavanaugh returned to Georgetown Preparatory School in Rockville, Maryland on Saturday night to cheer on his old high school football team. His alumna mater won the match 28-3.
REVEALED: Fed Chair Jerome Powell sold up to $5million worth of stock options just before Dow Jones tanked last year as central bank reels from resignation of two regional chiefs who also cashed out
18/10/21 19:23Federal Chair Jerome Powell sold millions worth of stock options. Three other Fed officials - Robert Kaplan (bottom left), Eric Rosengren (top left) and Richard Clarida (center left) - reportedly did same.
The REAL cost of inflation: Steak has soared 22%, kids' shoes by 12% and washing machines by 19% - despite official rate of 5.4% - as value of dollar is on pace to be cut by half in just 13 years
15/10/21 14:57Overall inflation hit 5.4 percent in September from a year ago, matching the 13-year high hit in June and July, according to data released on Wednesday by the Labor Department.
EXCLUSIVE: How Biden's Soviet-born currency comptroller pick Saule Omarova was 'born in a YURT' and went on to become leader in the Young Communists: Friend claims she STILL owes her money for giving up her university dorm room
07/10/21 21:18President Biden's pick for Comptroller of the Currency was an ardent Young Communist who 'owes money to her friend at Moscow State University after a Soviet-era dorm scam'.
Biden insists he HAS confidence in Fed chair Jay Powell 'thus far' after Elizabeth Warren called him a 'dangerous man' who could tear down US banking
05/10/21 22:44President Joe Biden, said Tuesday he has confidence in Fed Chair Jay Powell, responding 'Thus far yes,' when a reporter asked him about the topic.
Mitch and Chuck go to war over the debt ceiling: GOP leader now says Dems are playing Russian Roulette with economy and Schumer warns US is getting 'dangerously close' to defaulting
05/10/21 21:09The two Senate leaders butted heads yet again on Tuesday as the US nears an October 18 deadline after which the economy could plunge into a recession, the Treasury Secretary warned.
Treasury Secretary Yellen warns there will be a RECESSION if Congress doesn't raise the debt ceiling - but rules out minting a $1trillion coin to try and avert the chaos
05/10/21 16:11Treasury Secretary Janet Yellen warned in an interview Thursday that she expects it would cause a recession if Congress fails to raise the debt limit and the US government doesn't pay its bills.
Treasury Secretary Yellen BACKS the IRS reporting $600 transactions because it will 'fill the tax $7T gap' and says Biden's Soviet-born, anti-crypto nominee for Comptroller of the Currency 'deserves a fair hearing'
05/10/21 13:25Treasury Secretary Janet Yellen defended the new IRS rproposal requiring all transactions above $600 to be reported as she backed Biden's anti-private banking, Soviet-born pick to lead the OCC.
Elizabeth Warren demands the SEC investigate investments by the Federal Reserve Vice Chairman and the Boston and Dallas Fed Presidents over whether they violated insider trading rules
04/10/21 19:14Elizabeth Warren wrote a letter to the Securities and Exchange Commission on Monday demanding the agency open an investigation into three top Federal Reserve officials.
Welcome, Comrade! Biden's Soviet-born nominee for Comptroller of the Currency thinks Fed should 'end banking', admires USSR's economy because there was 'no gender pay gap' and says hedge funds are an 'a**hole industry'
30/09/21 15:50Cornell University Law Professor Saule Omarova's nomination to lead an agency overseeing big banks has been opposed by GOP lawmakers and banking lobbyists.
Fed Chairman Jerome Powell warns inflation could last months longer than expected causing another political headache for Joe Biden
28/09/21 21:32Powell made the prediction during a Senate Banking Affairs Committee hearing on Tuesday.
Elizabeth Warren calls Fed chief Jerome Powell a 'dangerous man' who weakened the US banking system and will oppose his re-nomination
28/09/21 20:57Elizabeth Warren grilled Fed chair Jerome Powell on the central bank's regulatory actions since he took the helm in a Senate hearing on Tuesday where she told him she'd oppose his re-nomination.
US stocks jump for a second day in a row with the Dow gaining 500 points by closing after Evergrande was due to pay $83.5 million worth of interest
23/09/21 21:08Stocks spiked for a second day in a row with the Dow gaining nearly 600 points after opening as fears abated over Chinese developer Evergrande's ability to pay $83.5 million worth of interest.
Federal Reserve warns interest rate rises are coming in 2022 - a year earlier than projected - but plays down inflation fears and claims rising cost of living is 'transitory'
22/09/21 18:24The Federal Reserve is holding steady on its benchmark interest rate, again calling high inflation rates transitory. 'Inflation is elevated, largely reflecting transitory factors,' the FOMC said in a statement.
Fed Chairman Jerome Powell owned same type of assets that the Fed itself was buying, ethics probe reveals: Two regional presidents also held 'conflict of interest' assets
18/09/21 19:43Federal Reserve Chair Jerome Powell has been named as one of the top officials owning the same type of individual securities that prompted him to announce an ethics review of the Fed.
The Squad turns on the Federal Reserve Chair: AOC, Tlaib and Pressley ask Biden to DUMP Jerome Powell because he hasn't done enough to tackle 'the risk climate change poses to the financial system'
31/08/21 14:03Several members of the The Squad have called on President Joe Biden to dump Federal Reserve Chair Jerome Powell and replace him with someone more environmentally friendly.
Fed's preferred measure of inflation jumps to 4.2% - the highest level since 1990 - as Jerome Powell again insists rising prices are temporary and signals a rate hike could be a year away
27/08/21 14:11Federal data on Friday showed the personal consumption expenditures (PCE) price index rose 4.2 percent over the past 12 months, the largest annual gain since November 1990.
Wholesale prices soar 7.8% in the biggest surge on record as steel jumps 23% - adding pressure on companies to pass on higher costs to consumers
12/08/21 16:26The producer price index for final demand, which tracks inflation pressure before it reaches consumers, jumped 7.8 percent for the 12 months ended in July, the largest advance on record.
Fed's preferred inflation measure jumps to highest level since 1991 as Jerome Powell admits 'transitory' price increases 'could be higher and more persistent than we expected'
30/07/21 17:18Federal data on Friday showed the core personal consumption expenditures (PCE) price index, excluding volatile food and energy, increased 0.4 percent in June for an annual gain of 3.5 percent.
Fed votes unanimously to keep ultra-low interest rates and STILL insists rising inflation is 'transitory': Jerome Powell warns coronavirus still poses economic risk and says it is too soon to end central bank's easy money policy
28/07/21 20:11The 11-member committee voted on Wednesday to keep the federal funds rate near zero and continue flooding the market with money through bond purchases 'until substantial further progress' is made.
Rich get richer: American households added $13.5 TRILLION in wealth during pandemic - with 70% of the gains going to the top 20%
27/06/21 21:09U.S. households added $13.5 trillion in wealth last year, according to Federal Reserve data reported by the Wall Street Journal, in the largest annual gain going back three decades.
America is warned to brace for up to four YEARS of rising inflation - as Fed's preferred inflation measure posts biggest annual increase since 1992
25/06/21 16:29A new Bank of America report predicts consumer prices will continue to soar for up to four years, as the Federal Reserve's preferred measure of inflation hits its highest level in three decades.
Top Federal Reserve officials ADMIT that soaring consumer prices may last longer than anticipated - despite Fed Chair Jerome Powell insisting inflation surge is 'transitory'
24/06/21 16:28Atlanta Fed President Raphael Bostic (left) now expects near-zero interest rates will need to rise in late 2022, though Fed Chair Jerome Powell (right) continued to play down soaring prices.
JPMorgan's CEO Jamie Dimon says his bank is stockpiling cash because there's a 'very good chance' inflation is here to stay after rising 5% to highest level in 13 years
14/06/21 19:32JPMorgan's longtime CEO Jamie Dimon said on Monday that he expects higher rates and further inflation but his bank is prepared for it because they've been stockpiling cash.
Green activists win THIRD seat on Exxon's 12-member board and will now try to force oil giant to reduce emissions and overhaul pay
03/06/21 02:06Clean energy activist hedge fund Engine No. 1 scored its third seat on Exxon's board with shareholders electing senior Google strategist Alexander Karsner to its 12-member board.
Key inflation indicator rockets by 3.1% through April - the biggest jump since 1992 - as trillions of dollars printed to tackle COVID and spending splurge spark cost-of-living surge
28/05/21 18:16In the 12 months through April, the personal consumption expenditures price index vaulted 3.1 percent, the most since July 1992, after rising 1.9 percent in March, data on Friday showed.
Federal Reserve reports a 'brighter outlook' for US economy and says it will keep interest rates near zero 'until the recovery is complete'
28/04/21 19:32On Wednesday, the Fed expressed a brighter outlook, saying the U.S. economy has improved along with the job market. They attributed rising inflation to temporary factors.
America bounces back: Dow breaks 34,000 for the first time as jobless claims plummet to lowest level since pandemic began and consumer spending surges
15/04/21 15:05U.S. stocks climbed to records on Thursday after encouraging data showed how hungry Americans are to spend again, how fewer workers are losing their jobs and how corporate profits are growing.
Fed chair Jerome Powell predicts US economy will BOOM this year with growth reaching 7% after shrinking by 3.5% in 2020
12/04/21 02:21Federal Chair Jerome Powell, left, says the US economy may grow by over 7% this year. His rosy prediction comes as shares on Wall St, top right, soar and millions struggle, bottom right.
Federal Reserve Chairman Jerome Powell predicts inflation this summer but says they WILL keep the cost of borrowing near zero amid pandemic sparked economic crisis
05/03/21 09:09The US central bank chair said he expected inflation to 'move up during the course of this year' because of 're-opening effects' when consumers begin spending money again.
Entire Federal Reserve payment system CRASHES due to 'operational error' freezing $3trillion in daily transactions including paychecks, tax refunds and bill payments
24/02/21 18:57The system used by U.S. banks to execute some $3 trillion in transactions per day was down as of 1pm ET on Wednesday, and the Fed still reported widespread disruptions nearly an hour later.
TALK OF THE TOWN: Who are the 'zombies' forcing Lady Victoria Hervey to flee Hollywood?
07/02/21 00:01TALK OF THE TOWN: Lady Victoria Hervey, who is the daughter of the 6th Marquess of Bristol, is swapping LA for Blighty because she is disenchanted with US politics.
Joe Biden's Treasury nominee Janet Yellen tells Congress to act on 'widespread devastation' caused by COVID by passing $1.9tn package or face even longer recessions
19/01/21 13:47'Without further action, we risk a longer, more painful recession now,' Yellen told senators at the hearing to confirm her as the first female treasury secretary, highlighting soaring demand for food banks.
How the pandemic made America's richest even richer: Record-low interest rates, stock surges and quick job market rebound allowed top 20% of earners to pad their wallets while lowest-income workers continue to struggle
18/01/21 19:46The top 20 percent of earners in the US - those making over $100,000 per year - have benefited greatly from the Federal Reserve's measures to cushion the financial blow of the pandemic.
Dollar suffers its worst yearly loss since 2017 as unprecedented Federal Reserve stimulus spurs fears of higher inflation and boosts gold
31/12/20 22:16The greenback soared to a three-year high of 102.99 against a basket of currencies in March, before ending the year at 89.96, down 6.77 percent on the year and 12.65 percent from its high.
Senators fury over wearing masks on the floor : Republican Dan Sullivan snaps 'I don't need your instruction' after Democrat urges him to wear a face guard during a debate
17/11/20 13:52Senators Sherrod Brown and Dan Sullivan clashed over mask wearing on the Senate floor on Monday evening in a rare public rebuke by Democrats of GOP members' adherence to coronavirus guidance.
Wealth of US households rebounds last quarter to pre-coronavirus levels but gains flow mainly to most affluent households even as tens of millions endure job losses
22/09/20 11:47The wealth of American households rebounded last quarter to a record high but the gains flowed mainly to the most affluent households even as tens of millions ensure job losses.
Power of monopolies is behind the worst trends in American economy, including slow wage growth and increasing inequality, Fed study says
20/08/20 15:11The study published earlier this month by Isabel Cairo and Jae Sim, titled Market Power, Inequality, and Financial Instability, uses mathematical modeling to examine the impact of monopoly power.
Gold hits its highest price ever at £1,515 an ounce amid fears of coronavirus and US-China tensions
27/07/20 08:40With US-China relations deteriorating, Covid-19 cases spiking and Washington slow to agree a stimulus bill, gold is seen as a safe haven for investors amid such times of turmoil.
JPMorgan Chase CEO Jamie Dimon says coronavirus is a 'wake up call' for a more inclusive economy and 'too many people were living on the edge' of poverty before the pandemic as it's revealed 40% of poorest households lost jobs
19/05/20 14:08JPMorgan Chase CEO Jamie Dimon said in a memo that the coronavirus was a 'wake up call' which highlighted the need for a more inclusive economy that would stop so many people living on the edge.
FTSE 100 plunges by 2.8 per cent to close down 163 points at 5,742 after news of heavy job losses in the US and fears of coronavirus second wave
14/05/20 07:28The FTSE 100 index fell today as fears grow about a second wave of infections, while the US Federal Reserve chief warned of a recession worse than any since the Second World War.
Official jobs report out Friday will be one of 'worst ever' in US history, Federal Reserve bank boss warns, after payroll company says 20.2 MILLION roles were cut
06/05/20 17:38President of the St Louis Fed James Bullard issued the stark warning Wednesday. Bullard told CNBC the unemployment rate 'could be higher than 20%'.
Chicago Fed economists say the true jobless rate may be as high as 34% - but that official unemployment stats underestimate impact of coronavirus
06/05/20 00:03Their estimate: a coronavirus unemployment or 'U-Cov' rate in April of somewhere between 25.1 percent and 34.6 percent. That's compared to the 16 percent rate forecast by economists.
How 1918 Spanish flu pandemic helped spark the rise of the Nazi party, says US bank
05/05/20 19:15The Nazi party's ascension to power was partly triggered by the Spanish flu pandemic, according to a shock paper released by the Federal Reserve Bank of New York Monday.
Carnival Cruise Line raised $6billion in financing after Fed intervened to save businesses hit hard by COVID-19 lockdown
28/04/20 02:57Carnival obtained badly needed financing thanks to historic intervention by the Federal Reserve. Carnival owner Micky Arison and Fed chair Jerome Powell are seen above.
California Governor Gavin Newsom appoints Tim Cook, Bob Iger and Arnold Schwarzenegger to job recovery task force after state saw 2.7 million unemployment claims in a month
17/04/20 22:55Billionaire failed presidential candidate Tom Steyer will co-chair the state's new Task Force on Business and Jobs Recovery, which will meet twice a month for the rest of 2020.
Antibody testing is key to reopening US - but the country could be YEARS away from carrying out millions of tests, says Republican ex-Treasury official who oversaw 2008 bailout
14/04/20 12:51Neel Kashkari said reopening the US would have to happen slowly and officials would have to track any coronavirus flare ups until a treatment or vaccine was developed.
The Dow closes more than 300 points down after strong rally last week as investors brace for first-quarter earnings season to underline coronavirus damage to corporate America
13/04/20 13:42The Dow Jones and S&P 500 fell on Monday after last week's strong gains as US companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic.
How lockdowns could also flatten the 'economic damage curve': Study shows cities that cracked down harder during 1918 Spanish Flu pandemic recovered quicker financially than those that didn't
11/04/20 18:52The working paper from economists at the Federal Reserve and MIT examines the impact of 1918 pandemic and 'non-pharmaceutical intervention' on economic activity.
Dow rises 280 points and Wall Street rally continues despite jobless claims soaring to 16 million, as Fed announces $2.3 TRILLION loan program for Main Street
09/04/20 13:38In its most groundbreaking step yet, the Fed said it would work through banks to offer four-year loans to companies of up to 10,000 employees and directly buy the bonds of states and cities.
Ex Federal Reserve chair Janet Yellen says the real unemployment level could be 21 MILLION and that GDP is down by 30% as she warns of a depression
06/04/20 16:02Yellen said Monday: 'If we had a timely unemployment statistic, the unemployment rate probably would be up to 12 or 13% at this point and moving higher.' Ten million are now jobless.
Trillions in coronavirus spending could explode federal deficits to levels not seen since World War II, economists warn
01/04/20 15:09A new study by Morgan Stanley estimates the deficit will total at least $3.7 trillion this calendar year, and $3 trillion next year, financed by the sale of Treasurys, largely to the Federal Reserve.
Dow closes down 973 points in 4.4% plunge after Trump warned that the next two weeks of the coronavirus pandemic would be 'very, very painful'
01/04/20 12:52President Donald Trump on Tuesday warned Americans of a 'very, very painful' two weeks, with White House health officials modeling an enormous jump in virus-related deaths.
FTSE 100 closes up 9% by 452 points 5,446 in its highest ever daily points gain despite coronavirus UK lockdown - 24 hours after US Federal Reserve pledged to pump economy with cash
24/03/20 08:21The FTSE 100 finished the day up 452 points or 9.1 per cent at 5,446 as investors reacted positively to the economic moves in the US and Boris Johnson's UK lockdown.
The unemployment rate may hit 30% because of coronavirus with an unprecedented 50% drop in gross domestic product, Federal Reserve bank boss warns
23/03/20 10:33Last night top-level negotiations between Congress and the White House churned over a nearly $2trillion rescue package as the coronavirus death toll soared to 414.
Ex-Federal Reserve Chairman Paul Volcker who raised interest rates to historic highs in the early 1980s to fight rampant inflation dies aged 92
09/12/19 14:34Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died aged 92.
The Federal Reserve cuts interest rate for a third time this year to boost US economy amid uncertainty in the world and signals this will likely be the last adjustment for 2019 after Trump's repeated attacks
30/10/19 21:17The federal reserve went ahead with a third interest rate cut as protection against on-going risks in the world, including the trade war with China which could still end up hurting the US economy.
Donald Trump blasts Federal Reserve and chairman Jay Powell for 'no guts, no sense, no vision' as bank cuts interest rates by 0.25% - far less than he wanted
18/09/19 18:02The Fed, led by chairman Jerome Powell, lowered the benchmark overnight lending rate to a range of 1.75% to 2.00% on a 7-3 vote. It has been under pressure from Donald Trump to cut rates.
Federal Reserve set to cut interest rates for a second time this year as economic threats loom amid Trump's trade war with China and attacks on Saudi oil facilities
18/09/19 04:32The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness and geopolitical risks.
Donald Trump slams 'boneheads' at Federal Reserve and says interest rates should be 'zero, or less' - meaning you would PAY the bank to hold your savings
11/09/19 11:29Donald Trump on Wednesday knocked the 'boneheads' at the Federal Reserve for not lowering interest rates, which the president argued should be 'zero, or less.'
Donald Trump demands Federal Reserve interest rate cuts AGAIN and defends his trade war as clock ticks down to his next set of tariffs going into place on China on Sunday
30/08/19 16:33President Trump blasted Federal Reserve once again Friday, saying it doesn't have 'a clue' as a Sunday deadline for new anti-China tariffs approaches.
Donald Trump rages against the Federal Reserve over interest rates AGAIN saying Germany is getting to undercut the U.S. economy because of the strong dollar
22/08/19 14:11President Trump said Thursday the Fed puts the U.S. at a 'disadvantage,' as he continued his attacks on the central bank, pointing to Germany's sale of negative-interest bonds.
ALEX BRUMMER: The Federal Reserve offers Trump a bone with its quarter point rate cut
31/07/19 21:02With last night's quarter point rates cut to the 2 per cent to 2.5 per cent range borrowing costs are now heading down again for the first time in a decade.
Donald Trump rages against the Federal Reserve as it cuts interests rates by 0.25% but signals it WON'T slash them more as he has demanded - in move which sends shares plunging
31/07/19 18:13Trump unleashed on the Federal Reserve after it made its first interest rate cut in more than a decade saying it was not 'much help' because chairman Jerome Powell signaled the move was a one-off.
US stocks hit record high as Federal Reserve gives strongest hint yet that interest rates will be reduced
10/07/19 20:51The Dow Jones Industrial Average, S&P 500 and Nasdaq 100 all made intra-day highs after Fed chief Jerome Powell primed markets for a cut as early as this month.
Trump launches fresh attack on the Federal Reserve saying they 'blew' chance to get four or even five per cent growth after defying him by not cutting interest rates
24/06/19 14:06President Donald Trump again criticized the Federal Reserve on Monday for not cutting interest rates, keeping up his pressure on the central bank to change its policies.
Federal Reserve DEFIES Trump's demand for an immediate interest rate cut and chairman Jerome Powell shrugs off White House plot to fire him saying he WILL serve four-year term
19/06/19 04:10The Fed kept its benchmark rate - which influences many consumer and business loans - in a range of 2.25% to 2.5% despite the president calling for a 'level playing field.'
Trump's pick for Federal Reserve board Stephen Moore is out after being hit by revelations about years of 'sexist' columns, infidelity and a racially-charged Obama joke
02/05/19 16:46Stephen Moore, the economist and commentator picked by Donald Trump for the Federal Reserve board, withdrew his nomination Thursday, the president announced on Twitter.
Federal Reserve defies Trump's demand to slash interest rates by 1 per cent as chairman Jermoe Powell says central bank is NOT swayed by politics
01/05/19 04:06Federal Reserve chairman Jay Powell slapped down Donald Trump's demand for cut in interest rates at a press conference saying he and its board consider the health of the economy, and 'not other factors.'
Trump demands Federal Reserve slash interest rates by 1% and bring back 'quantitative easing' saying economy will 'go up like a rocket' if they do
30/04/19 20:34President Donald Trump launched another attack on the Federal Reserve Tuesday, demanding it slash interest rates in a move he claims will send the economy 'up like a rocket.'
Trump reveals Herman Cain has asked him not to go ahead with Federal Reserve nomination days after woman claiming to be his mistress of 13 years said she would describe his private parts to prove it
22/04/19 16:43Herman Cain has asked President Trump not to go through with his planned nomination of him to join the the board of governors of the Federal Reserve, the president tweeted Monday.
Herman Cain is to withdraw his name from consideration to the Federal Reserve Board of Governors after GOP senators say they will not vote for Trump's nomination
12/04/19 12:56Herman Cain, the former Godfather's Pizza executive and ex-presidential candidate, is expected to withdraw from consideration for a Federal Reserve Board position.
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Blake Lively's brother-in-law DEFENDS actress amid It Ends With Us drama with co-star Justin Baldoni: 'The truth has not come out yet'
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Where are the cast of The Inbetweeners? 'Will' and 'Simon' are now 40 and 'Jay' earns £10K a week sending fans personalised videos
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Metallica shares heartbreaking tribute to fan who died at the band's Edmonton concert last week
Tragic news
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Flip phones are back and better than EVER! Shoppers race to snap up Samsung's new AI-enhanced smart flip phone (here's everything you need to know)
SHOPPING
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Cate Blanchett covers her cleavage in an extreme plunging jumpsuit at the Disclaimer premiere during Venice Film Festival
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Justin Theroux, 53, leaves Venice Film Festival with his rumoured fiancée Nicole Brydon Bloom, 30, as she continues to flash huge new ring
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Denise Van Outen, 50, puts on a VERY busty display in a plunging gold top and tiny white mini skirt as she shows off her DJ skills at a party in Ibiza
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Will Emily Atack miss out on lucrative The Inbetweeners reboot after 'former fling James Buckley had her axed from last reunion'
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Katie Holmes is chic in a sheer black blouse in NYC... before daughter Suri Cruise's Labor Day break from CMU
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Ashley Benson stuns in a strapless black dress while on a dinner date with husband Brandon Davis in LA
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Metallica break silence after fan dies at concert: 'We're touched he got to spend his final time with us'
Speaking out
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She's Electric... (and acoustic)! Noel Gallagher begins rehearsals as his Oasis branded guitars are brought into his studio ahead of reunion tour
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Lily James flaunts her incredible figure in a black bikini before abseiling down a cliff as she shares a glimpse of her picturesque Ibizan break
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Joey Lawrence breaks his silence on claims he had an affair with Melina Alves amid Samantha Cope divorce
Speaking out
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Winona Ryder smiles as she arrives in London hours after leaving Venice alongside Jenna Coleman and the cast of Beetlejuice 2
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Taylor Swift fans SLAM Rihanna's boyfriend A$AP Rocky for referencing singer on controversial new song
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Netflix announces Vince McMahon documentary series unfolding former WWE chief's career, resignation and scandals
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Mel C floored to discover family's criminal past in dramatic first look at Who Do You Think You Are?
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Rob Lowe, 60, was busted by cops in the '80s when smoking pot with Michael J Fox, 63, on a BUS that also had Sarah Jessica Parker as a passenger
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Pregnant Sasha Attwood shows off her growing baby bump in a grey dress as she prepares to welcome first child with footballer Jack Grealish
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EXCLUSIVESports Illustrated Swimsuit model Camille Kostek, who dates The Gronk, is seen working at a fast food restaurant
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Paris Hilton defends not putting life vest on son Phoenix as he explored catamaran: 'It's a big boat'
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Inside Oasis' famously disastrous last Wembley gigs where 'drunk' Liam mouthed off at the crowd and Noel branded show a 'disgrace'
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Shanina Shaik shows off her incredible model figure in a blue and yellow crochet bikini as she goes for a swim in Saint Tropez
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The Bachelorette viewers left FUMING at 'fake' Jenn Tran's 'cold' treatment of Jonathon Johnson after his brutal dumping
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Julia Garner plays dancer plagued by sinister forces in trailer for Rosemary's Baby prequel Apartment 7A
Stars as Terry Gionoffrio
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EXCLUSIVENetflix fans 'completely obsessed' with 'glorious' new show and demand a second season
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Viaduct where Harry Styles enjoyed his first kiss is so besieged by besotted fans that rail bosses are forced to put up fence to protect it
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Angelina Jolie brings the glamour in a brown chiffon dress as she arrives for the Venice Film Festival ahead of her Maria premiere
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Emily Ratajkowski's fans praise her for wearing LESS makeup and MORE clothes in new ads
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Chappell Roan leaves fans thousands of pounds out of pocket as she cancels European tour dates last-minute because of 'scheduling conflicts'
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Baywatch star Michael Bergin, 55 - who dated Carolyn Bessette before JFK - is STILL handsome - see what he looks like now
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Kim Kardashian poses with bold red hair as she says 'love is the whole point'
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Beetlejuice fans in desperate bid to get tickets for sequel's London premiere TONIGHT after film received 4-minute standing ovation in Venice
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Lily James flashes her toned midriff in a stylish cropped shirt and maxi skirt as she lands at Venice airport ahead of the Film Festival
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Love Island couple call time on their romance in shock split just weeks after packing on the PDA on romantic date
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Netflix star, 41, dies suddenly on beach as friends pay heartbreaking tributes to 'incredible actor'
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Coldplay's Chris Martin stuns fans in Dublin as he does a surprise performance in the street
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Oasis announce three new UK dates to reunion tour after 'unprecedented' demand for tickets
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The Lord Of The Rings review: The Rings Of Power makes spell-binding return as Sauron casts dark shadow over Middle-earth in season 2
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Two massive Channel 4 shows returning to screens next month just one day apart after summer hiatus - leaving fans thrilled
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Eamonn Holmes, 64, uses walking frame as he leaves swanky lunch amid health woes - after taking girlfriend Katie Alexander, 42, to Belfast on holiday
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Shirtless Romeo Beckham, 21, shows his love for Barbie while relaxing in a sauna as he holds the coveted hot pink Stanley Cup inspired by the movie
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Winona Ryder recalls how she was cruelly branded a 'freak' and 'witch' by her high school peers when original Beetlejuice film came out in 1988
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This Morning fans blast show for 'triggering' phobia report that 'injected more fear into them' - and even ITV hosts can't hide their terror
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Winona Ryder and Jenna Ortega lead the Beetlejuice stars leaving Venice Film Festival after their red carpet premiere
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Now Meghan is monetising herself! Duchess is ploughing money into small brands and then plans her outfits knowing the labels will get a sales boost
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Inside Rod and Penny's marriage stalemate: He wants the LA life (with his train set) but she's hankering for her chickens
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Naga Munchetty bags new presenting gig away from BBC Breakfast - replacing show's original host as part of schedule shake-up
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Cate Blanchett looks elegant in a quirky polka dot suit as she arrives at Disclaimer photocall during Venice Film Festival
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The View host Ana Navarro launches blistering attack on 'dismal failure' Megyn Kelly after her foul-mouthed rant about CNN's Kaitlan Collins
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EXCLUSIVERod Stewart, 79, and Penny Lancaster, 53, reach 'stalemate' in their marriage after he REJECTED offers on his $70 million Beverly Hills mansion
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I was addicted to shoplifting and even used a fake voice to avoid getting in trouble, admits Shappi Khorsandi on Lorriane
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Jason Sudeikis is a doting dad as he sits court side at a basketball game with his children Otis, 10, and Daisy, 7
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Kellie Maloney slams Donald Trump as an 'arrogant and big-headed man' and says she regrets her stint on Celebrity Big Brother as she reveals her children are 'still affected' by her transition
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Ben Fogle reveals he battled 'crippling paranoia and anxiety' during his 'mental health breakdown' as he shares methods he used to aid recovery
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Nadia Sawalha, 59, and her rarely seen lookalike daughter Kiki, 17, pose for a photo as they celebrate teenager's birthday
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Linda Nolan fights back tears on Good Morning Britain as she begs 'I just want cancer to leave my family alone' - and faces losing her hair for fifth time
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Lauren Goodger joins TOWIE co-stars to referee wild sports day with Chloe Meadows and Courtney Green battling it out in the wheelbarrow race
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Fearne Cotton shows off her ripped abs in cosy bikini-clad shot with Jesse Wood and shares rare pic of daughter Honey, 8
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Two huge ITV game shows returning to screens with new episodes after string of fan complaints - as celebrity host gushes 'I can't wait to be back!'
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Video resurfaces of Oasis megafan Pete Doherty's first foray into fame when he was interviewed at the front of the queue to buy band's iconic 1997 album Be Here Now
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What Courtney Love's Oasis fan daughter Frances Bean Cobain said to her when she turned down sex with Liam Gallagher
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Lily Allen's recollection of sex in an aeroplane TOILET with
Liam Gallagher resurfaces as he prepares for Oasis reunion -
Jodie Comer cuts a stylish figure in a black patterned shirt as she catches up with her younger brother Charlie over dinner
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Meg Ryan and daughter Daisy, 20, make a rare public outing together as they enjoy a sunny day of shopping in New York
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Kaos reviews: Billie Piper's 'bonkers' dark-comedy hailed 'an absolute triumph' as Jeff Goldblum's 'stellar' portrayal of Zeus impresses critics
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Gary Lineker shares how he really feels about Elon Musk and reveals reason why he is posting less on X
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The Witcher's Anya Chalotra and husband Josh Dylan show off their matching gold rings after secret wedding last year
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Helen Flanagan puts on a busty display as she shows off her lace bra in a cut out dress for Celebs Go Dating as new romance with footballer emerges
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Elle Macpherson, 60, turns Bondi into her own private runway as she dazzles onlookers in gold pants on her way to a book signing with Tracy Grimshaw
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Zara McDermott shows off her stunning figure as she goes braless in a white two piece while on holiday in France
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Katie Price's latest facelift could leave her with 'stroke symptoms' after her ex surgeon refused to operate amid fears she's addicted to surgery
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Cate Blanchett has the best seat in the house for Beetlejuice 2 premiere as she watches the Venice festivities with her daughter Edith, 9
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Jessica Biel enjoys the US Open in a powder blue co-ord and chunky gold chain amid husband Justin Timberlake's DWI scandal
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Demi Moore, 61, strikes some suggestive poses for Interview magazine as she talks about her youth-obsessed character in The Substance
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Kylie Jenner shares glimpse inside life with Aire and Stormi but keeps lover Timothee Chalamet hidden despite her focus on romance
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The Inbetweeners is set for a shock comeback as show star Joe Thomas reveals talks for a reboot are underway and ALL of the cast are involved
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Celebrity Race Across The World star reveals sneaky tactics competitors used to trick each other that bosses hid from cameras
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Kylie Jenner shares rare makeup-free snap after dissolving 'half' her lip filler
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Justin Theroux, 53, sparks engagement rumors as girlfriend Nicole Brydon Bloom, 30, shows off diamond ring on THAT finger at Venice Film Festival
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Justin and Hailey Bieber's model friend Adwoa Aboah accidentally leaks their newborn son Jack's birth date
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Kaia Gerber makes a cryptic dig at an ex as she reads a book entitled 'Dear D***head' - weeks after looking loved-up with Austin Butler
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Jenna Dewan's lawyers say Channing Tatum's team has used 'every trick in the book to stall this case from getting to a trial' in Magic Mike profits row
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Mind-boggling facts behind Spencer Matthews's record-breaking 30 desert marathons in 30 days...
Gruelling challenge
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Did Rod Stewart break his marital pact with Penny Lancaster? Singer, 79, and Penny, 53, made huge promise to never spend more than 10 days apart
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It's the Fab Four! Jenna Ortega joins Cate Blanchett, Winona Ryder and Monica Bellucci for the Venice Film Festival premiere of Beetlejuice 2
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Claudia Schiffer, 54, oozes ageless appeal as she steps out in floral maxi dress in NYC... after marking birthday with sizzling bikini video
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Jennifer Lopez left bitterly 'disappointed' by Ben Affleck amid divorce as Kick Kennedy dating rumors fly
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Tommy Fury breaks his silence on 'heartbreaking' split from Molly-Mae Hague and says the 'false allegations about me have been horrendous'
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Jeff Brazier reveals how the loss of his own father at a young age helped him navigate his son's grief following the death of their mother Jade Goody
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Martine McCutcheon takes ANOTHER 'swipe' at estranged husband Jack McManus with cryptic post about being 'grateful' for their split
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Oasis' legendary guitarist Gem Archer 'will rejoin brothers Liam and Noel Gallagher for band's 2025 tour'
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Erika Jayne looks scruffy in first outing since ex Tom Girardi's conviction for stealing $15M... after his downfall ended $480k-per-year glam squad era
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Al Pacino recalls how his mother 'saved his life' before her fatal overdose as he credits her with his Oscar-winning career
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Helena Bonham Carter sparks engagement rumours with boyfriend Rye Dag Holmboe as she shows off a sparkling diamond ring during day out
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EXCLUSIVEThe forgotten man of Oasis: Inside the bitter fallout between Noel, Liam and the drummer paying off a mortgage at his humble £200k semi
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Holly Ramsay flaunts her jaw-dropping figure in a tiny crochet bikini as she hits the beach with her famous parents amid sun-soaked family getaway
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Lisa Faulkner recalls 'very dark time' as she battled fertility issues and 'failed' marriage to ex-husband and EastEnders star Chris Coghill
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Sigourney Weaver hits the red carpet with her child Shar Simpson as legendary actress turns the Venice Film Festival into a family affair
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Rings Of Power star Morfydd Clark stuns in a cream three-piece suit as she attends the special screening of Starve Acre at BFI in London
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Erin Doherty cuts a stylish figure in a sleeveless black co-ord as she joins her co-stars at the Death Of England: Closing Time press night
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Take That star Robbie Williams and Simon Cowell among the famous faces set to appear in a new BBC Two documentary about boybands
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Craig Revel Horwood insists Strictly Come Dancing will 'rise above what has happened' after scandal hit BBC show was rocked by bullying allegations
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Bristol Palin reveals 'gut-wrenching' six-word text teen son Tripp sent her about moving to Alaska with dad Levi Johnson
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Andra Day stuns in unique see-through gown alongside glam co-stars Mo'Nique and Glenn Close at The Deliverance premiere in LA
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Shania Twain's husband Frederic Thiebaud honors singer on her 59th birthday as he posts heartfelt message to his famous wife
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EDEN CONFIDENTIAL: Prince Harry spares the Royal Family from further interviews
Staying silent
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CHRISTOPHER STEVENS reviews last night's TV: Touching moment as Jade Goody's son Freddy remembers his late mum
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What is the secret behind Victoria Beckham dress that has been worn by Kendall Jenner, Queen Letizia, Phoebe Dynevor and Amanda Holden?
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Oasis support act REVEALED: British rock icons tipped to join band on huge UK and Ireland tour
Getting involved
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Home and Away star's shock wedding leak sendsnsoap's fans into a frenzy
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Pamela Anderson 'was offered opportunity to appear on Baywatch documentary' - amid notable absence from show
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Heidi Klum looks stylish in a white bodysuit and bell-bottom jeans as she heads to America's Got Talent taping in Los Angeles
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Kim Kardashian playfully sticks out her tongue in latest sultry selfies
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John Stamos reveals why he got REJECTED by Church Of Scientology before landing big break in Hollywood
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Irv Gotti, 54, - who produced hits for Jennifer Lopez and Ashanti - pictured with a cane after suffering a stroke six months ago
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Jennifer Lopez and Ben Affleck's divorce judge has surprise connection to one of her famous exes - but insists there's no conflict of interest
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Courtney Love's story about not having sex with Liam Gallagher goes viral amid Oasis reunion
Doing the rounds
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Gemma Arterton shows off her legs as she joins co-star Alexa Davies and Morwenna Banks for a special screening of Funny Woman
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Chris Evans admits he 'doesn't remember' being at Oasis' legendary Knebworth gig 28 years ago as the iconic band prepare for reunion tour
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Paul Mescal shows off his tattoos as he steps out in his trademark short shorts after confirming Gracie Abrams romance
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Billie Piper cuts a smart figure in a black blazer and flared trousers as she joins co-star Suzy Eddie Izzard at KAOS photocall
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Baywatch's disgraced child star Jeremy Jackson says his crystal meth addiction caused him to 'spiral down'
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Love Island couple announce shock SPLIT just weeks after leaving the villa together
The former couple have confirmed it's all over
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Katie Price enjoys a pampering session with mum Amy at a London beauty salon after revealing she has given up vaping out of 'respect'
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Jacob Roberts reveals he hit a 'low point' after quitting the soap as he was forced to go back fitting aerials - before landing a job on Coronation Street
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Taylor Swift is 'gearing up to release her debut novel' as she wraps the European leg of her Eras tour after sitting on the project for almost a decade
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Victoria Beckham shares sweet family snaps with son Romeo, 21, and daughter Harper, 13, as she and David enjoy wholesome trip to Canada
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Jenna Ortega leaves little to the imagination in a striking sheer red gown as she steals the spotlight at the Venice Film Festival premiere of Beetlejuice 2
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EPHRAIM HARDCASTLE: Andrew Lloyd Webber's Coronation anthem 'reduced King Charles to goosebumps and tears'
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Ashton Kutcher dresses down in a cap and T-shirt as wife Mila Kunis looks chic for a dinner date in LA
Stepping out
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Gigi Hadid dazzles in an elegant gold gown as she shares behind the scenes video from her latest fragrance photoshoot for Rabanne
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Olivia Attwood admits she was worried contestants would WALK OUT of her new show after the men were lured to Greece under false pretences
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Marilyn Manson appeals Evan Rachel Wood defamation case dismissal over claim she forged FBI letter
Taking action
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Armie Hammer's ex-wife Elizabeth Chambers recaps her 'birthday week' with their kids the day HE turns 38
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Coronation Street legend confirms exit from soap after 13 years on the cobbles - and their final scenes will air this week
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Winona Ryder, 52, is the epitome of chic in a striking photoshoot for Jimmy Choo's Autumn 2024 Campaign Launch
Centre stage
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Made In Chelsea's Tristan Phipps opens up about his 'really hard' split from on-off girlfriend Olivia Bentley on Celebs Go Dating
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Jeff Goldblum, 71, catches the eye in a stylish Versace shirt as he joins wife Emilie Livingston, 41, at the star-studded KAOS photocall
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Olivia Attwood claims her new reality show features couples with 'history and deep loyalties' who will survive in the public eye
-
Ice-T, 66, SLAMS viewer who accused his show Law & Order: SVU of going 'woke': 'Like I give a f***!'
Not happy
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Danish woman linked to Tommy Fury says Instagram account claiming she is pregnant is fake
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Harry Styles' ex-girlfriend Taylor Russell puts on a racy display in a see-through corset dress as she attends the Beetlejuice 2 premiere at Venice Film Festival
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Isla Fisher puts on busty social media display while making crude gesture amid Sacha Baron Cohen divorce drama
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Monica Bellucci and Tim Burton dress to impress as they pose on the red carpet at the Beetlejuice 2 premiere during Venice Film Festival
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Oasis break their silence over Glastonbury 2025 headliner rumours
The band will return with a string of your dates
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US rap icons Public Enemy leave fans disappointed as they cancel three shows on upcoming Australian tour
-
Winona Ryder, 52, joins Jenna Ortega, 21, on the red carpet as screen veteran passes the Beetlejuice baton to young co-star at the Venice Film Festival
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EXCLUSIVESpencer Matthews reveals heartbreaking reason he will never climb Mount Everest and why it would be 'selfish' and 'insensitive'
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Willem Dafoe, 69, cosies up to wife of 19 years Giada Colagrande, 48, on the Beetlejuice 2 red carpet during Venice Film Festival
-
Sigourney Weaver looks glamorous as she attends the Venice Film Festival premiere of Beetlejuice 2 - after breaking down in tears at press conference
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Phoebe Waller-Bridge's company raked in a whopping £51,347 EVERY DAY last year due to her starring role in Indiana Jones
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Beetlejuice Beetlejuice review: Tim Burton's sequel is unable to pull off the same camp spirit as its predecessor, writes BRIAN VINER
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Getting ready for Manchester? Noel Gallagher is seen for the first time since Oasis reunion news as he pays homage to his home city
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Poppy Delevingne goes braless in a satin double-breasted blazer as she attends the Beetlejuice 2 premiere at Venice Film Festival
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David Hasselhoff reveals how his 1989 Berlin Wall performance SAVED Baywatch after it was axed for low ratings and high production costs
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EXCLUSIVETaylor Swift and Travis Kelce have baby fever as they are seen cooing over teammate Patrick Mahomes's two-year-old at her mansion
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Brooke Mueller involved with police probe of two people arrested in Matthew Perry ketamine overdose investigation
-
Oasis launch range of Levi's t-shirts inspired by the band's early days as Noel and Liam look to cash in on '£400m reunion tour' announcement
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Baywatch actors only earned $3,500 per episode and couldn't gain or lose 5lbs: 'Everybody was disposable'
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Brittany Cartwright seen with son Cruz, three, for first time amid Jax Taylor divorce as she seeks sole custody of toddler
-
Olivia Attwood says husband Bradley Dack saw 'so much of himself' in the participants on her new show Bad Boyfriends - after cheating on her
-
Scooter Braun trolls enemy Taylor Swift over star-studded Rhode Island party: 'How was I not invited to this?!?'
Banter
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Are these two set to Tango? Strictly pro Nadiya Bychkova is seen filming segment at same location as DIY SOS star Nick Knowles ahead of new series
-
Blake Lively SLAMMED for revealing which movie made her 'laugh the hardest' in resurfaced interview
Awkward
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Christina Aguilera poses TOPLESS for magazine cover... after 50lb weight loss sparked Ozempic rumors
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Pictured: Shannon Beador blows into IID breathalyzer as she's back behind the wheel after her DUI arrest last year
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Michael Keaton reveals the one blockbuster film he thought he 'sucked' in: 'It bugs me to this day'
Opening up
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Amy Jackson stuns in a semi-sheer gown as she attends the Venice Film Festival premiere of Beetlejuice 2 after marrying Gossip Girl star Ed Westwick
.
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Chrishell Stause and wife GFlip make the RARE move of both posing in bikinis as they hold hands in Greece
Side by side
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Gary Lineker provides update on his Match of the Day future after Jermaine Jenas was sacked over inappropriate behaviour
