Displaying items by tag: Federal Reserve

According to an anonymous official, the White House is searching for a new Pentagon chief to replace Pete Hegseth, after claims that he shared classified military details via the Signal app with his wife, brother, and lawyer, potentially jeopardising operations in Yemen. This follows his error in March when he mistakenly included a journalist in a similar chat (https://www.prayer-alert.net/en/pa-pray/regions/worldwide/item/53684-usa-huge-criticism-after-security-breach-discussing-military-plans). Donald Trump and press secretary Karoline Leavitt have publicly defended Hegseth, calling the uproar a media smear, and Hegseth has denied wrongdoing, blaming disgruntled ex-employees. Four senior Pentagon advisers have recently departed; three of them were forcibly removed for leaking information to the press, a charge they have denied. Senators have criticised both Hegseth’s conduct and Trump’s judgment in appointing someone lacking high-level leadership experience. Meanwhile, in another controversy, Trump has stated that he has no intention of firing Jerome Powell, chair of the Federal Reserve, even after calling him a ’major loser’ for his refusal to cut interest rates. See https://www.theguardian.com/us-news/2025/apr/22/trump-jerome-powell-fed