World
Can Donald Trump fire Jerome Powell, US Federal Reserve chair?
President Donald Trump is sending mixed messages about whether he will fire Federal Reserve Chair Jerome Powell.
Trump said on July 16 he is “not planning on doing anything” when asked if he would fire Powell. However, he also said he doesn’t “rule out anything” and mentioned a renovation project with ballooning costs.
“I think it’s highly unlikely unless he has to leave for fraud,” Trump said. “And it’s possible there’s fraud involved with the $2.5, $2.7 billion renovation. This is a renovation, how do you spend $2.7 billion? And he didn’t have proper clearance.”
The Federal Reserve has been undergoing building renovations since 2021 on a project that the board that controls the Fed first approved in 2017. The project’s cost of $2.5bn is about $600m above the original budget, according to The Associated Press.
The cost has increased because of design changes, increasing labour and material costs and “unforeseen conditions”, such as “more asbestos than anticipated”, the Fed said in an FAQ.
But Trump’s administration seems to be using the renovation as a possible reason to oust Powell. Russ Vought, director of the Office of Management and Budget, sent Powell a July 10 letter saying the project is “out of compliance with the approved plan” and “in violation of” the National Capital Planning Act, which outlines how agencies can make changes to federal buildings.
Trump’s feud with Powell isn’t new. For months, the president has criticised Powell, whom he appointed to the role in 2017, for refusing to drop interest rates. The Fed raised interest rates in 2022 and 2023 during former President Joe Biden’s administration as a response to inflation.
Since Trump entered the White House in January, he has told Powell to resign and threatened to fire him.
“If I want him out, he’ll be out of there real fast, believe me,” Trump said in April. “I’m not happy with him.”
In November, after the 2024 election, reporters asked Powell if he would step down or whether he thought Trump had the authority to fire him.
“Not permitted under the law,” Powell said.
Trump spoke to a group of Republican lawmakers on July 15 about firing the chair, several news organisations reported. Trump showed lawmakers a draft letter firing Powell, The New York Times reported.
Trump denied having written a letter.
“No, I talked about the concept of firing him. I said, ‘What do you think?’ Almost every one of them said I should,” Trump said. “But I’m more conservative than they are.”
While Trump attributed his reticence to fire Powell to his “conservatism”, the bigger impediment is a question of legality. Here’s why.
What is the role of the Federal Reserve; who appoints its chair?
The Federal Reserve is the country’s central bank. Its responsibilities include setting interest rates and supervising and regulating banks. It was created in 1913 as part of the Federal Reserve Act and is run by an independent board of governors. The seven governors that make up the board are nominated by the president and confirmed by the Senate. The president selects the chair and two vice chairs from among the seven, according to the Congressional Research Service.
While talking to reporters, Trump appeared to overlook that he was the person who nominated Powell to be the chair in 2017: “I’m surprised he was appointed,” Trump said. “I was surprised, frankly, that Biden put him in and extended him.”
In 2021, Biden nominated him for a second four-year term, which is set to end in May 2026. After that, Powell can remain on the board of governors until January 2028.
Can the president fire the Federal Reserve chair?
Unlike other government agencies, the Fed has a lot of independence from Congress and the White House, the Congressional Research Service said in a January report.
According to the report, economists have justified the independence, saying that decisions about monetary policy shouldn’t be influenced by political pressures. To ensure Fed accountability, the chair testifies before Congress, much like other government agencies.
The Fed chair can be removed “for cause by the President”, according to the law. This refers to “inefficiency, neglect of duty, or malfeasance in office”, according to a Supreme Court decision about the Federal Trade Commission.
In May, the Supreme Court ruled on Trump’s authority to fire members of two different independent agencies. In its 6-3 ruling, the Court granted the Trump administration’s emergency request to fire the heads of the agencies while the case over the legality of firing them played out in the courts.
In its opinion, the Supreme Court addressed the Fed, saying its ruling didn’t affect the agency.
“The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States,” the Supreme Court said.
Some legal experts question the legality of Trump firing Powell. Any move to oust him would likely end up in the courts.
Peter Conti-Brown, a professor of financial regulation at the University of Pennsylvania, said the Fed’s building renovation costs aren’t “cause” for Powell’s dismissal.
“There is no factual basis to support any conclusion that the cost overruns on the renovation project constitute anything like fraud or gross negligence,” Conti-Brown said. “Had Powell committed fraud, in this context or any other, there could well be a case for his removal.”
Conti-Brown said that Trump has long talked about wanting Powell’s removal. A court may consider Trump citing the renovation’s budget as “pretext” for his firing – a legal term used to describe a false reason an employer gives for firing an employee in order to cover the real reason, Conti-Brown said.
“Courts evaluating any attempted removal after the fact will assess both the animus and pretext very heavily against President Trump,” Conti-Brown said.
However, it is unclear how courts would react because “this is uncharted legal territory”, Jeremy Kress, a former Fed banking regulator who is a faculty director of the University of Michigan’s Center on Finance, Law and Policy, told The New York Times.
Lev Menand, a legal scholar at Columbia University, agreed with Kress.
“In normal times, I would say Powell wins 10 times out of 10,” Menand told The New York Times. “But these aren’t normal times, because this court has shown that it is willing to look the other way when the president engages in illegal conduct and it is willing to construe the president’s power under the Constitution as so broad as to allow the president to flout laws.”
World
Box Office: ‘Backrooms’ Scares Up $38 Million on Friday, Already Shattering Record for A24’s Best Opening Weekend
Kane Parsons’ “Backrooms” has already shattered the record for A24’s best opening weekend.
Adapted from Parsons’ viral YouTube series, “Backrooms” earned $38 million domestic on Friday from 3,442 theaters, and is projected to gross $85 million to $90 million through the weekend. That’s more than triple the previous record holder, Alex Garland’s thriller “Civil War,” which earned $25.5 million in 2024 to claim the title of A24’s best debut.
“Backrooms” follows a small-town furniture store owner who discovers a portal to an otherworldly dimension in his showroom. Cast members include Chiwetel Ejiofor, Renate Reinsve and Mark Duplass. James Wan, Shawn Levy and Osgood Perkins serve as producers. Chernin Entertainment was the co-studio and co-financier of “Backrooms.”
This weekend’s other newcomers include Nate Bargatze’s family comedy, “The Breadwinner,” and Focus Features’ war drama, “Pressure.” “The Breadwinner” fared the best of the two, grossing $2.75 million on Friday from 3,525 North American theaters for a fifth-place finish. By Sunday, it should make $7.5 million.
TriStar Pictures’ “The Breadwinner” follows Bargatze as a dad who is forced to take charge of his chaotic household when his wife leaves on a month long buiness trip. Other cast members include Mandy Moore, Stella Grace Fitzgerald, Birdie Borria, Charlotte Ann Tucker, Colin Jost and Zach Cherry.
“Pressure” landed at No. 6 on Friday with $2.46 million domestic from 1,829 screens. It’s expected to pull in $5.4 million by the end of the weekend. The WWII thriller stars Brendan Fraser as Dwight D. Eisenhower, who must decide whether or not to launch D-Day in the face of brutal conditions. Other cast members include Andrew Scott, Kerry Condon, Chris Messina, Damian Lewis and Tamsin Topolski.
Friday’s silver medal went to Curry Barker’s “Obsession,” which made $8.1 million on its third Friday in theaters. After a stellar $28 million over Memorial Day, the indie horror is expected to make another $28 million by Sunday. That’s a 19% uptick from the $22 million it earned over last weekend’s three-day frame.
“Star Wars: The Mandalorian and Grogu” took third with just $6.5 million on its second Friday in North American cinemas, an 70% drop from its opening day. While initial projections saw the Lucasfilm western grossing $40 million by Sunday, that number now looks closer to $25 million, according to rival estimates. That figure would push the film’s domestic total to $136 million through two weekends.
Lionsgate’s “Michael” finished in fourth, adding $3.5 on Friday. It should collect $12.7 million by Sunday, which would bring its domestic earnings to $340 million in six weekends of release.
World
Hamas struggles to fill leadership ranks as Israel hunts Oct 7 terrorists
Gazans react to the killings of Hamas terror leaders
Interviews with Gazans expressing frustration with Hamas leadership after Israel’s killing of senior commanders, as many residents say civilians — not Hamas leaders — have paid the price of the war (Credit: Jusoor News)
NEWYou can now listen to Fox News articles!
Just before celebrations for Eid al-Adha, a major Muslim holiday, began in Gaza, an Israeli airstrike hit a building in Gaza City, killing Mohammed Odeh, the newly appointed head of Hamas’ military wing, according to Israeli officials and later confirmed by Hamas.
Reports from regional media said members of Odeh’s family were also killed in the strike. Two hours later, Gaza’s markets were full.
Fox News Digital reviewed video filmed in Gaza showing crowded Eid streets, children shopping and families gathering, with little visible reaction to the killing of the Hamas commander Israel described as one of the architects of the Oct. 7, 2023, attacks on Israel.
The contrast underscored what many Gazans and analysts describe as a growing disconnect between Hamas leaders and civilians exhausted by nearly three years of war, which has killed more than 70,000 Palestinians, according to the Hamas-run Gaza Health Ministry — figures that do not distinguish between civilians and combatants — and displaced most of Gaza’s population.
ISRAEL ANNOUNCES IT KILLED ONE OF THE ARCHITECTS OF THE OCT. 7 ATTACKS
Palestinians shop at a crowded Eid al-Adha market in Gaza hours after Israel announced the killing of Mohammed Odeh, the newly appointed head of Hamas’ military wing, in an airstrike in Gaza. (Jusoor News)
Hadeel Oueis, editor-in-chief of Jusoor News, told Fox News Digital the assassinations are creating “a clear vacuum” inside Hamas and weakening coordination between leaders in Gaza and abroad.
“With the deaths of its leaders and the collapse of strong centralized command, Hamas is turning into a smaller militia competing with other armed groups operating in Gaza,” Oueis said. “Hamas is now fighting for survival.”
In a joint statement issued Tuesday, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz said Odeh, who had replaced senior commander Izz al-Din al-Haddad only days earlier, was “one of the architects of the October 7 massacre.”
“Sooner or later, Israel will reach all of them,” Netanyahu and Katz said.
Palestinian Hamas terrorists stand guard in Rafah in the southern Gaza Strip on Feb. 22, 2025, during the handover of hostages held since the Oct. 7, 2023, attack as part of a ceasefire and hostage-prisoner swap deal with Israel. (Hatem Khaled/Reuters)
Inside Gaza, several residents interviewed by Jusoor News said they no longer viewed the deaths of Hamas leaders as personal losses.
“Of course we didn’t feel anything when Haddad, Sinwar, or others were killed,” one Gazan activist and former political prisoner told Jusoor News in an on-camera interview, speaking with his face blurred for safety reasons.
The activist was referring to Izz al-Din al-Haddad, the Hamas military commander Israel said it killed earlier in May, and Yahya Sinwar, the former Hamas leader and chief architect of the Oct. 7, 2023, attacks, who was killed by Israeli forces in southern Gaza in October 2024.
“Ordinary people are the ones who paid the price, not the leaders who made reckless decisions without thinking,” the activist said.
“As a result, Gaza today is almost completely destroyed,” the activist said. “There are families who have lost everything, while the remaining leaders abroad and inside continue to gamble with our lives constantly.”
GRASSROOTS PUSH FOR FREEDOM GROWS IN GAZA AS HAMAS TIGHTENS ITS DEADLY GRIP
Palestinians shop at a crowded Eid al-Adha market in Gaza hours after Israel announced the killing of Mohammed Odeh, the newly appointed head of Hamas’ military wing, in an airstrike in Gaza. (Credit: Jusoor News)
A Gaza-based journalist echoed the frustration.
“When we heard about the killing of Izz al-Din Haddad or others, we were not affected,” the journalist said. “What is even more painful is that the children of the leaders live outside Gaza, in Turkey and Qatar, driving luxury cars and living comfortable lives, while people here have almost gone back to the Stone Age.”
Another Gaza journalist and human rights advocate told Jusoor Hamas had harmed Palestinians as much as Israelis.
“I do not see the deaths of the leaders as losses for the Palestinians, because we ordinary people are the ones who paid the price,” the advocate said. “Honestly, Hamas did not only hurt the Israelis — they hurt us as well.”
At the same time, Israeli analysts caution that the repeated assassinations do not necessarily mean Hamas is close to collapse.
Michael Milshtein, an expert on the Palestinian arena, told Fox News Digital that Hamas unquestionably has suffered severe damage since Oct. 7, 2023, particularly with the deaths of veteran commanders who helped build the organization’s military structure and doctrine.
ISRAEL, HAMAS CEASEFIRE DEAL COULD ENABLE REARMING OF GAZA TERRORISTS
Palestinians shop at a crowded Eid al-Adha market in Gaza. (Jusoor News)
“Almost nobody remains from the core group that planned and led the October 7 attack,” he said.
But he noted that Odeh himself had been viewed largely as a second-tier figure before the war rather than an obvious successor to Hamas’ historic military leadership.
“The people replacing them are far less experienced, less capable and far less charismatic,” Milshtein said.
Still, he argued, Hamas continues to maintain functioning chains of command and ideological cohesion despite the losses.
“People know they are likely going to die, and they still compete for these leadership positions,” he said.
The debate over Hamas’ future comes as international efforts to shape a postwar political framework for Gaza accelerate.
TRUMP-BACKED BOARD OF PEACE, ISRAEL ‘WILL TAKE ACTION’ IF HAMAS REMAINS OUT OF COMPLIANCE: NETANYAHU ADVISOR
Hamas militants carried coffins believed to contain the bodies of four Israeli hostages during a handover to the Red Cross in Khan Yunis, Gaza, on Feb. 20, 2025. (Eyad Baba/AFP)
Nickolay Mladenov, who was appointed High Representative for Gaza under the Board of Peace initiative, published the core elements of a proposed 15-point “Roadmap to Complete the Implementation of President Trump’s Gaza Comprehensive Peace Plan.”
The proposal includes a phased Hamas disarmament process, internationally supervised security reforms and the establishment of “one authority, one law, one weapon” inside Gaza.
“Gaza cannot recover while armed groups simultaneously operate as governing authorities,” Mladenov wrote while outlining the proposal on social media.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Displaced Palestinians, including families and children, wait in line to receive hot meals distributed by charities ahead of iftar in Khan Yunis, Gaza. (Abed Rahim Khatib/Anadolu)
For many Gazans exhausted by years of war, displacement and destruction, the deaths of Hamas leaders now appear to carry less emotional weight than the hope that the conflict itself could finally end.
“Gaza cannot remain hostage to the idea of permanent war while civilians alone pay the entire price,” one activist said.
World
Confirmed Ebola cases nearly double in days as WHO chief visits DR Congo
The head of the United Nations health agency is visiting the epicentre of a deadly Ebola outbreak in eastern Democratic Republic of the Congo (DRC), urging local communities to lead the fight against a disease whose confirmed cases have nearly doubled in two days.
Tedros Adhanom Ghebreyesus, the World Health Organization (WHO) director-general, arrived in Bunia, the capital of Ituri province, on Saturday.
list of 3 itemsend of listRecommended Stories
“The international community is involved under the leadership of the government of DRC, and at the same time, community ownership is important; that’s why we’re here to discuss with the community to see how the response is you know, running, and if there are challenges, to help,” Tedros told reporters.
“The communities understand the problems better, and they know the solution, as well.”
Congolese authorities say the number of confirmed cases in DRC reached 225 on Friday, nearly double the figure of 121 reported two days earlier.
The outbreak is caused by the Bundibugyo virus, a rare and severe form of Ebola for which there is no approved vaccine or treatment.
The WHO has declared the outbreak a global health emergency, its highest level of alarm, and the medical NGO Doctors Without Borders, known by its French initials MSF, calls it one of the fastest-spreading Ebola outbreaks ever recorded.
Authorities have also recorded 1,028 suspected cases and more than 220 suspected deaths in DRC, while the disease has crossed into neighbouring Uganda, which has recorded nine confirmed cases and one death.
Ebola was first identified in this part of central Africa in 1976; this is the DRC’s 17th outbreak.
Bundibugyo is one of three virus types behind most major epidemics; the deadliest, the Zaire Ebola virus, drove the 2014–2016 West Africa outbreak, the largest on record, with more than 28,000 cases.
“Nobody knows the true scale and severity of this outbreak,” MSF said, warning that the response has not kept pace.
The WHO has cautioned that the death rate could reach 30 to 50 percent – the range seen in the previous two Bundibugyo outbreaks – though the rate among confirmed cases so far has been lower.
Al Jazeera’s Alain Uaykani, reporting from the eastern Congolese city of Goma on Saturday, said DRC’s health ministry had expanded testing, contact tracing and monitoring, uncovering infections that might otherwise go unrecorded.
Help has begun to arrive
As the virus spreads rapidly, the European Union has sent medical supplies to Ituri, and the United States has pledged more than $112m.
Even so, the Africa Centres for Disease Control and Prevention (Africa CDC), the African Union’s health body, says global funding for the response has more than halved, from $498m to $219m.
The outbreak recorded its first confirmed recovery this week, and WHO is working with both DRC and Uganda to assess experimental drugs and a candidate vaccine.
Tedros, who met DRC’s Prime Minister Judith Suminwa Tuluka in Kinshasa before flying to Bunia, said he was confident the country, which has battled Ebola repeatedly, could again bring it under control.
Still, containing the disease is made harder by years of conflict in eastern DRC. Health teams in Ituri have come under attack from the Allied Democratic Forces (ADF), an armed group linked to ISIL (ISIS), and from local ethnic militias. The virus has also reached North Kivu and South Kivu provinces, where the Rwanda-backed M23 rebel group controls major cities.
Anger over strict rules for handling victims’ bodies, which clash with local burial customs, has fuelled at least three attacks on health centres.
Regional countries are meanwhile on alert. Both Uganda and Rwanda have shut their borders with DRC, while Washington has barred most travellers who have recently visited DRC, Uganda or South Sudan.
The WHO advises against such steps, and Tedros has dismissed border closures as ineffective, arguing they discourage countries from reporting outbreaks openly.
Health ministers from the Intergovernmental Authority on Development (IGAD), an eight-nation East African bloc, met this week and agreed to redirect about $7m towards prevention across the region.
A US plan to open an Ebola quarantine centre in Kenya for exposed Americans was suspended by a Kenyan court this week after a rights group, the Katiba Institute, challenged it.
Africa CDC has also objected, warning the facility would strain Kenya’s health system, while Kenyan officials defended it as an international obligation.
The US says it expects to resolve the dispute.
-
Pennsylvania3 minutes agoMan accused of using excavator to destroy home with family inside
-
Rhode Island6 minutes agoRhode Island high school yearbook printed with the word ‘school’ misspelled on its cover: ‘Shocking to see’
-
South-Carolina11 minutes agoSouth Carolina Democrats celebrate redistricting win as governor hopefuls clash
-
South Dakota18 minutes agoSouth Dakota’s annual History Conference returns to Fort Pierre
-
Tennessee21 minutes agoABC broadcast goes out during Tennessee softball vs Texas Tech in WCWS
-
Texas26 minutes agoLive Updates: Lady Vols Softball vs. Texas Tech in the Women’s College World Series
-
Utah33 minutes agoMan guilty of crash that killed Utah CEO and his daughter gets maximum sentence – East Idaho News
-
Vermont36 minutes agoFallen solar panels in Vermont prompt environmental concerns – Valley News