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Trump's conflict with Musk explodes into a public feud
The simmering tension between President Donald Trump and Elon Musk exploded in public Thursday, with the president sharply criticizing the Tesla CEO's attacks on the Republican policy bill and Musk firing back that the president would have lost the election without his help. “I’m very disappointed because Elon knew the inner workings of this bill,” Trump told reporters in the Oval Office during a bilateral meeting with German Chancellor Friedrich Merz. “I’m very disappointed in Elon. I’ve helped Elon a lot.” The comments — and the flurry of online retorts from Musk that quickly followed — mark the ... (full story)
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From philadelphiafed.org|Jun 5, 2025|1 commentGood afternoon, everyone, and once again welcome to the Federal Reserve Bank of Philadelphia. Thanks to Paul for that introduction. As many of you know, Paul leads the Philly Fed’s Beige Book effort, speaking with contacts and analyzing a host of regional economic data. He is also a multiple Beigies winner and, he may not like that I share this, is also the Federal Reserve System’s foremost expert in the regional impact of Taylor Swift. In every case, Paul, thank you for all you do. And I also give my thanks to the Philadelphia Council for Business Economics (PCBE) and, more broadly, the National Association for Business Economics (NABE), for their strong standing relationship with the Philly Fed. We are aligned not just in providing a location here at the Bank for regular meetings, but also in our mutual goal of ensuring an open forum for the timely discussion of economic issues impacting both the city and region. We all look forward to welcoming NABE’s annual meeting to Philadelphia this fall. I suspect you were drawn here this afternoon more by the lunch than to hear me speak on the economic outlook. Nonetheless, I will do my best to make our time together worthwhile. Today also marks my last spe Fed's Harker: Amid uncertainty, the Fed must wait and see on next policy steps. Fed's Harker: It is entirely possible that the Fed may face rising inflation and unemployment at the same time. PHILLY FED'S FED'S HARKER/BIZ COUNCIL: WARNS ABOUT POSSIBLE FUTURE IMPACTS OF HIGHER DEBT ON ECONOMY AND MONPOL #Harker #FederalReserve #economy Fed's Harker: The economy faces many different possible paths.
From kansascityfed.org|Jun 5, 2025Good afternoon. It is a pleasure to speak with you today. This conference on the future of banking has brought together leaders from across the U.S. banking sector. I have enjoyed the sessions so far, including Brandon and Tara’s discussion earlier, and I look forward to learning more about how you are navigating change. As some of you know, I’ve spent my entire career in and around the banking industry. My first job out of college was as an FDIC examiner right here in Kansas City. Before long, though, I transitioned from the public to the private sector. For most of my professional life, I was a Nebraska banker. I served as president and CEO of a local community bank and a large enterprise with a national footprint. So, I have sat in the same seat as many of you. Later on, I was privileged to lead the Southwestern Graduate School of Banking Foundation at Southern Methodist University’s Cox School of Business. The focus of the school was to develop bank leaders and educate community bank directors. My experience across the industry ultimately lead to my appointment in 2023 as president and CEO of the Federal Reserve Bank of Kansas City — a true servant leader opportunity. So, throughout my career, Fed’s Schmid: Tariffs Likely To Raise Prices, Unclear By How Much - Fed Policy Needs To Be Nimble As We Balance Dual Mandate - Inflation, Employment Are Close To Mandate - Optimistic Economic Activity Can Be Sustained
From bbc.com|Jun 5, 2025A Cartier turquoise and diamond tiara owned by the first woman to take a seat in the House of Commons has been sold for £700,000. American-born Nancy Astor was elected in 1919 to ...
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From @PiQSuite|Jun 5, 2025|1 commentFED'S HARKER: ESTIMATING TARIFF IMPACT IS A MOVING TARGET BUSINESSES COMMUNITY MAINLY WANTS STABILITY IN TRADE POLICY AT THIS POINT Fed's Harker: No Rush To Shrink Size Of Balance Sheet
From forex.com|Jun 5, 2025Over the past five trading sessions, gold has once again attempted to reach its all-time high zone, located around $3,400 per ounce. Shortly after the bullish momentum approached ...
From omfif.org|Jun 5, 2025In today’s fragile political and financial environment, gold is regaining prominence in the strategies of warily observant reserve managers. ‘Gold is good when other assets are ...
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- Jun 5, 2025 12:50pm Posted byEntertainment3418.9K
