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Trump says he will not remove Jay Powell from Fed before term ends

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Trump says he will not remove Jay Powell from Fed before term ends

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Donald Trump said he would not seek to remove Federal Reserve chair Jay Powell before his term expires in May 2026, but promised to push ahead with sweeping tariffs, mass deportations and tax cuts in his first days in the White House.

In an interview with NBC News’s Meet the Press, Trump spoke about his priorities for the world’s largest economy when his second administration begins in January, including curtailing aid to Ukraine and reducing bloat across the government.

When asked if he had plans to replace Powell, who was tapped by Trump in 2017 and later renominated by President Joe Biden for a second term as head of the US central bank, the president-elect said he did not.

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“I think if I told him to, he would. But if I asked him to, he probably wouldn’t,” Trump added.

Since winning the US presidential election last month, concern has grown across Wall Street and Washington that Trump would threaten the independence of the Fed, which is seen as crucial to the stability both of the global economy and financial markets.

On the campaign trail, Trump seemed to suggest that he would continue the attacks of his first term, in which he called Powell an “enemy” for resisting his calls for lower interest rates.

Trump has questioned whether he should have a more direct say in monetary policy decisions. Scott Bessent, his pick for Treasury secretary, has also floated the idea of announcing an heir apparent who would act as a “shadow” Fed chair, undermining the institution’s communications by issuing contradictory guidance on the policy outlook.

Just after the election, Powell was adamant that he would not step down early from his post even if the president-elect asked him to. He also told reporters that there were no legal grounds for him to be removed early.

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Last week, he added that he was “not concerned” about the Fed’s independence during a second Trump administration, saying it was protected by “the law of the land”.

Economists are bracing for tension however, given their expectation that Trump’s plans to enact tariffs on trading partners, deport immigrants in large numbers and boost growth via lower taxes and regulations will stoke price pressures, thereby limiting how much the Fed will be able to lower interest rates overall.

The Fed has already cut its benchmark policy rate twice since September and is poised to do so again later this month, but officials have begun to hint that the pace will slow in 2025.

Trump conceded that he “can’t guarantee anything” in terms of higher costs for Americans if his tariff proposals are enacted, although he denied that they would weaken the economy. He also again touted such levies as a negotiating tool, saying he had “stopped wars with tariffs”.

The president-elect said he also had “no choice” but to deport all illegal immigrants in the US. But he said he would work with Democrats on a plan for undocumented people who entered the country as children. He also vowed to end birthright citizenship via executive action.

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On his efforts to reduce government spending, Trump said his administration would raise ages for entitlement programmes like Social Security or Medicare. “People are going to get what they’re getting,” he said.

Those plans would probably be accompanied by a pullback in the US’s involvement oversees, including in its provision of aid to Ukraine as well as its involvement in Nato, the president-elect said.

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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race

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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race

Now-former Democratic Senate candidate Graham Platner speaks at his primary election night event on June 9 in Blue Hill, Maine. Platner officially dropped out of the race July 10 following rape allegations from a former romantic partner that he denies.

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Graham Platner, Maine’s Democratic nominee for Senate, is officially out of the race.

The Maine Secretary of State said Platner filed the necessary paperwork to withdraw his candidacy two days after he announced he planned to do so following an accusation of rape by a former romantic partner. Platner denies the allegation.

The Maine Democratic Party has until July 27 to pick Platner’s replacement.

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In his withdrawal notice, Platner said “people are desperate for change” and that’s why they voted “for a new kind of politics” by making him the Democratic nominee. He expressed gratitude for those who supported his campaign and said that he will continue to fight for “the movement we have built together and the future we believe in.”

He ended his notice with a strong statement aligned with the progressive platform.

“F*ck ICE. Free Palestine. Up the Hearts.”

Platner announced his plan to withdraw from the race in an 11-minute video he posted to social media on July 8. He said he had no choice but to suspend his campaign, citing it was no longer viable financially.

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“We are going to lose our ability to fundraise. We are going to lose our ability to access voter data. We are going to lose all of the things that any campaign needs on the basic level simply to function,” he said.

Platner added that dropping out was not an admission of guilt. Rather, the decision, he said, is to keep the progressive movement in Maine alive to defeat Republican Sen. Susan Collins in November. Platner blamed the “political establishment” for his downfall and argued the goal was to force him out of the race.

“We built a campaign. We engaged in electoral politics. We motivated people. We banded together. We did it the way that we were told we are supposed to make change and we won. And now they are not going to let us have it. Not if it’s me,” he said.

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Waymo called the cops on teen riders, raising privacy concerns

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Waymo called the cops on teen riders, raising privacy concerns

A Waymo robotaxi drives in San Francisco’s North Beach neighborhood this week.

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Police in San Mateo, Calif., posted Monday on social media that they had apprehended a pair of teenagers from a Waymo driverless robotaxi after the company alerted authorities to suspected criminal activity. It’s the latest incident involving video surveillance of passengers and others by autonomous vehicles — raising questions about the limits of privacy in such vehicles.

The Facebook post by the San Mateo County Police said: “Parents do you know where your teens are? @waymo does!”

The 15-year-olds were allegedly drinking alcohol and shooting toy guns from the car, according to the police. They said Waymo’s systems detected behavior that then triggered a safety response, after which the company disabled the vehicle and contacted police.

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Waymo’s cars, equipped with an array of cameras, microphones and other sensors to monitor passengers and other nearby vehicles, are becoming more common in cities across the United States. Experts say the detention of the two teens in San Mateo highlights a potential — but not inevitable — trade-off between privacy and convenience. It also questions the extent to which companies similar to Waymo are required to hand over private data, including audio and video of passengers, in situations where a crime is suspected.

NPR reached out to Waymo, which is owned by Alphabet, the parent company of Google, for comment on the details of the San Mateo incident and how the company responded, but did not hear back. But on its website, the company says that as many as 29 cameras in its autonomous cars provide an all-around view and “are designed with high dynamic range and thermal stability, to see in both daylight and low-light conditions, and tackle more complex environments.”

“There already exist laws that govern duty to report or even duty to protect” for carriers such as Waymo, according to Alessandro Acquisti, a professor of information technology at the MIT Sloan School of Management. “The privacy problems arise when and if driverless carrier companies used such laws or ethical obligations as a pretext for blanket, indiscriminate accumulation of identifiable data for unspecified future purposes.”

That includes not just monitoring people inside the cars, but outside too. Take, for example, a hit-and-run investigation last year in Los Angeles. Media reported that the police inquiry was aided by video captured by a Waymo taxi that had a clear view of the crime. Critics suggested at the time that authorities were using the company’s vehicles as a mobile surveillance platform. And during 2025 protests in Los Angeles against Immigration and Customs Enforcement crackdowns, demonstrators vandalized Waymos, apparently angry that video recorded by the vehicles could be used by police, although there is no evidence that happened.

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Trump fires last members of election commission, inciting fears of midterm ‘chaos’

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Trump fires last members of election commission, inciting fears of midterm ‘chaos’

Donald Trump has terminated the remaining members of the independent, federal commission that assists election administration officials nationwide just a few months before the midterm elections, multiple outlets reported Thursday.

The remaining three commissioners of the four-member bipartisan commission ⁠were forced out on Thursday in different ways. The one Republican appointee resigned and the other ⁠two, Democratic appointees were notified of their terminations via email from ​the White House presidential personnel office.

“On ‌behalf of President ‌Donald J Trump, I am writing to inform you that your position ‌as Commissioner of the Election Assistance Commission is terminated, effective immediately. Thank you for your service,” the email, seen by Reuters, said.

The White House did not immediately respond to a request for comment.

The Election Assistance Commission serves as a “national clearinghouse of information on election ‌administration”, accredits testing laboratories and certifies voting systems, and maintains the national mail-voter registration form developed by the National ​Voter Registration Act of 1993, according to the commission’s website. The terminations follow Trump and top administration officials’ advocacy to change vote-by-mail requirements and investigations into the 2020 election outcome, which Trump lost to Democrat Joe Biden.

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“It is ⁠irresponsible and dangerous that this Administration remains dead set on ​causing chaos for ​our election officials across this ​country,” Arizona secretary of state Adrian Fontes said in a ​Thursday statement. “This ‌move undermines the integrity ​of nonpartisan ​election administration.”

The 2002 law that established the commission, the Help America Vote Act, states the president can appoint replacements to the commission.

It is unclear how Trump will move ahead with the commission.

Reuters contributed reporting

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