Fed chair Powell should resign ‘immediately' as housing chief seeks probe: Trump
In a separate post on X, Pulte accused the Fed Chair of political bias and said Powell's conduct was sufficient grounds for removal. 'I am asking Congress to investigate Chairman Jerome Powell, his political bias, and his deceptive Senate testimony, which is enough to be removed 'for cause,'' wrote Pulte, who also criticised Powell's handling of interest rates amid rising housing costs.Pulte, a housing regulator with considerable influence over mortgage finance giants Fannie Mae and Freddie Mac, has emerged as a vocal critic of the Fed. He has urged Powell to cut interest rates, citing their impact on working-class families trying to afford homes.- EndsTune InMust Watch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
18 minutes ago
- India Today
KTR accepts Revanth Reddy's challenge to debate on Telangana farmers' issues
Bharat Rashtra Samithi (BRS) working president KT Rama Rao has accepted Chief Minister Revanth Reddy's challenge for a public debate on farmers' issues. Rao, popularly known as KTR, said he was ready to confront the Chief Minister anywhere, anytime and dared him to fix the date, time and came after Reddy demanded KTR to have a debate with him on farmers' aim at Reddy, KTR alleged the Chief Minister lacked basic knowledge about agriculture and governance. "I am giving him 72 hours to prepare so that he doesn't end up embarrassing himself by mistaking a basin for a vegetable. This is for his own good," KTR remarked sarcastically while speaking to reporters. Asserting he was ready for the debate, KTR offered to meet at any location chosen by the Chief Minister - whether in Reddy's own constituency of Kodangal, his native village Kondareddypally, or even at the Ambedkar statue or Somajiguda Press Club in Hyderabad. "This is not about mudslinging. Let's put the facts out there. Let's see who really worked for Telangana's farmers," he accused Reddy of betraying Telangana by diverting the state's water to Andhra Pradesh, and claimed that the Chief Minister was acting under the influence of TDP chief and Andhra Pradesh Chief Minister Chandrababu Naidu. "Revanth has turned Telangana into an ATM for the Congress high command. He's running a puppet government, not a people's one," he what he called the success of the BRS regime, KTR said that agriculture in Telangana had been transformed into a celebration under K Chandrasekhar Rao's regime. He credited the BRS with initiatives like Rythu Bandhu, Rythu Bima, Mission Kakatiya and large-scale irrigation projects that, according to him, turned the state into the top paddy producer in the said during the Covid-19 crisis, the BRS set up thousands of procurement centres to ensure that not a single grain went to waste during its rule."Who brought Godavari water into the dry lands of Telangana? Who revived rivers like Kudelii, Haldi and Manjeera? Who stopped farmer suicides and tackled the fluoride crisis? It was KCR, not the Congress," he further accused the Congress government of failing to deliver on its promises, citing the non-payment of farm loan waivers, pensions and crop support schemes. 'Where is the Rs 15,000 per acre support you promised? Where is the Rs 4,000 pension? What happened to the Rs 2,500 allowance for women, free scooters or the 2 lakh jobs?' he asked."The only people happy today are Revanth and his coterie, looting like the Dandupalya gang. Auto drivers, farmers, young people, the elderly, women - none of them are satisfied. Dalits won't vote for a non-functional Dalit Bandhu scheme. Unemployed people won't vote for jobs that never came. Farmers won't vote for a Bharosa scheme that's still pending," he to KTR, every major welfare promise made by the Congress had been either been broken or delayed. "Farmers were promised support for three crops - they haven't even supported one fully. While KCR gave Rs 10,000 per acre on time, Revanth gave just one installment and threw a party," he Reddy's administration a "classic Congress drama", KTR said, 'When Congress talks about farmer welfare, it's like ghosts quoting scriptures. This government is an insult to democracy, just like the Indiramma era when people were jailed during the Emergency.'KTR reminded that even the Centre had acknowledged in Parliament that the BRS stopped farmer suicides and ended the fluoride crisis in Telangana. "Those who can't understand facts are called fools. Those who knowingly deny them are called Revanth Reddy. The truth is known to every villager, every field in Telangana,' he said.- Ends IN THIS STORY#Telangana#Bharat Rashtra Samithi#Indian National Congress
&w=3840&q=100)
Business Standard
19 minutes ago
- Business Standard
Gold prices may be volatile as Trump's tariff deadline approaches: Analysts
Gold prices may see heightened volatility in the coming week as investors track a crucial July 9 tariff deadline, policy signals from major central banks, including the US Federal Reserve, and key global macroeconomic data, analysts said. "These factors could influence the near-term trajectory of gold prices," analysts said, adding that traders are expected to remain cautious ahead of any major policy cues or geopolitical developments. The 90-day suspension of Trump tariffs on imports from several countries, including India, ends on July 9, reviving the risk of a 26 per cent additional duty on Indian goods entering the US. "Going ahead, the focus will be on the interest rate cuts by key central banks, especially US Fed Reserve, the outcome of trade negotiation between US and its trading partners, incoming global economic data, which could impact the near-term gold prices," Pranav Mer, Vice President, EBG, Commodity & Currency Research at JM Financial Services Ltd, said. Investors will also closely monitor the release of the US Fed's FOMC (Federal Open Market Committee) meeting minutes. Last week, the precious metal futures for August delivery rose Rs 1,563, or 1.61 per cent, on the Multi Commodity Exchange (MCX). N S Ramaswamy, Head of Commodities Desk and CRM at Ventura, said gold prices in the international market, currently at USD 3,345 per ounce, could remain under selling pressure due to the solid US macroeconomic data that dented hopes of a July interest rate cut by the Federal Reserve. Despite some corrective rallies, Ramaswamy stated that "the short-term outlook favours consolidation and corrective upward movements, followed by a likely continuation of the broader downward trend". Ramaswamy, however, said fiscal deficit worries in the US and impending Trump tariffs decision could trigger fresh volatility and lift demand for the yellow metal. Central banks added a net 20 tonnes of gold to global gold reserves in May, he said. Prathamesh Mallya, DVP, Research, Non-Agri Commodities and Currencies at Angel One, said gold prices continue to be supported by a weakening US dollar and ongoing geopolitical concerns. "Dollar weakness has been a key part of gold prices rising in 2024 as well as in 2025. This trend will continue for the rest of the year," Mallya said. Meanwhile, JM Financial's Pranav Mer also pointed to persistent central bank purchases, and increased retail and institutional investments via ETFs as factors bolstering the long-term bullish case for gold prices.
The Hindu
19 minutes ago
- The Hindu
Statements on leadership and guarantees continue as Surjewala will visit Karnataka for second time
Rekindling the debate over leadership, an issue that frequently crops up, the Balehonnur-based Rambhapuri Mutt seer on Sunday said that the highest post of the Chief Minister should have gone to Deputy Chief Minister D.K. Shivakumar. 'Mr. Shivakumar, who has strived to get the Congress to power, will feel satisfied if he gets the highest post. This can inspire him to do more work,' Veera Someshwara Rajadeshikendra Shivacharya told reporters at Kodihalli Sidddeshwaraswamy Hills in Kanakapura taluk near here. 'Though many are urging for his replacement as the KPCC chief, till he occupies the Chief Minister's post, Central leaders cannot ask him to vacate the post. If he becomes Chief Minister, probably he will vacate the KPCC president's post,' the seer said. His comments came ahead of All-India Congress Committee general secretary in charge of Karnataka Randeep Singh Surjewala's visit to Bengaluru on Monday as part of his exercise of meeting Congress legislators. Sources said that Mr. Surjewala will be speaking to 45 MLAs over three days this week while he had elicited the opinions of 40 MLAs last week. 'He will speak to another set of MLAs next week. In the next phase, Mr. Surjewala will also meet MPs and Ministers to elicit their views on governance and government.' This will be the second visit after a couple of senior legislators, including MLA for Aland B.R. Patil and MLA for Kagwad Bharamagouda (Raju) Kage, spoke of alleged corruption and slow-paced development works nearly a fortnight ago. H.A. Iqbal Hussain, Ramanagara MLA, had publicly raised the leadership issue indicating that Mr. Shivakumar would become Chief Minister in the next two to three months. Meanwhile, Yelbarga MLA and Chief Minister's Economic Adviser Basavaraj Rayaraddi, who allegedly told Yarvanike villagers in Koppal district on Saturday that if they needed roads the five guarantees had to be given up, on Sunday claimed that his words had been distorted. Stating that he remained firm in his commitment towards the guarantee schemes, he said that there was nothing wrong in supporting the poor. Attacking him, Union Minister for Heavy Industries and Steel H.D. Kumaraswamy questioned the statement and said that such remarks would only reflect the state of affairs of the government. 'You cannot expect any development works from this government,' he said. Meanwhile, Chief Minister Siddaramaiah told reporters in Bengaluru on Sunday that there was no question of bringing changes to the guarantee schemes. 'It is a programme for the poor of all sections that strengthens them socially and economically. We are giving some amount of money to all MLAs, including those from the BJP and the Janata Dal (Secular), for road and bridge works in their constituencies,' he said.
