'Give me some of that': Trump renews call for negative U.S. interest rates
President Donald Trump on Tuesday renewed his criticism of the Federal Reserve's raising and then cutting of interest rates, saying the central bank had put the United States at a competitive disadvantage with other countries and calling for negative interest rates.
FLOTUS Melania Trump unveiled the White House Christmas decor on the theme, 'America the Beautiful', which she said is a ‘tribute to the majesty of our great nation’. This is also the last Christmas of the Trump family in the White House. All of the halls, from the East Room to the Red Room, were decked by over 125 volunteers. ‘During this special time of the year, I am delighted to share ‘America the Beautiful’ and pay tribute to the majesty of our great Nation. Together, we celebrate this land we are all proud to call home,’ Melania Trump tweeted. Watch the full video for all the details.
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[NFA] Outgoing Republican President Donald Trump's legal fight to overturn the result of the Nov. 3 vote looked more unlikely on Monday as key swing states Arizona and Wisconsin certified Democrat Joe Biden as the winner of their presidential elections. This report produced by Chris Dignam.
[NFA] President-elect Joe Biden named several women to his top economic policy team on Monday, including former Federal Reserve Chair Janet Yellen as Treasury secretary nominee, setting the stage for diversity and a focus on recovery from the pandemic. Gavino Garay reports.
Massachusetts senator and failed Presidential candidate Elizabeth Warren lobbied Joe Biden to become his treasury secretary. In a humiliating snub heard around the political world Biden chose former FED chair Janet Yellen over Warren as his Treasury Secretary. Chris Cillizza of CNN said there are several reasons Warren will never be America's Treasury Secretary. Warren in the Cabinet would allow Mass. GOP Gov. Charlie Baker to appoint a temporary replacement for her in the Senate.
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary.
U.S. stocks started the week on an upswing after another drug company posted positive clinical trial results for a COVID-19 vaccine and reports surfaced that President-Elect Joe Biden plans to nominate former Federal Reserve Chairman Janet Yellen to be the next Treasury secretary. Conway G. Gittens reports.
President-elect Joe Biden is planning to nominate Janet Yellen to head the Treasury Department. Business Insider reports if the US Senate confirms Yellen, she will be the first woman to hold the job. Yellen served as Fed Chair during President Barack Obama's second term, from 2014 to 2017. President Donald Trump replaced her with Jerome Powell as head of the Fed.