The acting commissioner of the U.S. Customs and Border Protection (CBP) agency, John Sanders, is resigning and will leave his post on July 5, the agency said on Tuesday, a move that coincides with an outcry over the treatment of detained migrant children.
President Donald Trump believes the U.S. dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday.
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," as policymakers faced new calls by President Donald Trump to cut interest rates.
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," as policymakers wrestle with whether to cut rates as President Donald Trump has demanded.
U.S. President Donald Trump threatened on Tuesday to obliterate parts of Iran if it attacked "anything American" after Tehran said the latest U.S. sanctions had scuttled any chance of diplomacy, calling White House actions "mentally retarded".