Stories from Washington D.C. · United States

Federal Reserve Chair Jerome Powell is expected to be questioned regarding his term during a Wednesday afternoon press conference. Financial analyst Steven Cates from Bankrate.com stated that Powell will likely sidestep the question to avoid the topic dominating the conference.

Global markets are monitoring the upcoming Federal Reserve interest rate decision scheduled for 21:00 Turkish time. No interest rate changes are expected from the central bank. This meeting is noted as the final interest rate meeting to be chaired by Fed Chair Jerome Powell.

President Trump previously stated he would fire Jerome Powell if he did not leave as chair by May 15th. The threat is reportedly less now that the impediment to Warsh's confirmation appears to have been removed.

A proposed US legislative project titled 'NO-OPEC' was designed to attempt to dismantle the organization, according to Marcel Salekhov.

A US court is reviewing the temporary protected status of Haitian refugees.

Reports from the United States indicate that one of Donald Trump's sons made a fortune from a cryptocurrency scheme. Original investors in the scheme appear to have lost money, according to the report.

Authorities are appealing a judge's decision to throw out a case against Jim Comey in Virginia. Officials stated yesterday that the investigation into Comey will continue. The Justice Department under acting Attorney General Todd Blanche is intensifying efforts against perceived enemies of Donald Trump. This follows a recent charge against the Southern Poverty Law Center regarding informant payments. Additionally, a former aide to Dr. DOJ officials confirmed he will face a jury trial to enter a plea. Benjamin Wittes of the Brookings Institution is participating in discussions regarding the pattern of targeting perceived enemies. The investigation includes allegations that Comey lied to Congress and made a threat against the President in a public Instagram post. The specific nature of the evidence required remains a point of inquiry.

Federal judges blocked a measure affecting the status of over 350,000 Haitians and approximately 6,000 Syrians in the United States. The nine judges are currently hearing arguments and are expected to rule by the summer.

The White House announced new sanctions targeting high-ranking Cuban officials and individuals linked to the island's leadership. The White House press service stated the document is necessary to protect United States national security. The sanctions apply to persons associated with Cuba's security apparatus involved in corruption and human rights violations. The specific names of those targeted were not disclosed. This move is part of a multi-month campaign by the White House to increase pressure on Cuba. Specific targets of the new restrictions were not identified.

Washington Nationals pitcher Zach Lutel has had a difficult start to the 2026 season. During a game against the New York Mets, Lutel surrendered a leadoff home run to Bo Bichette. The pitcher managed to recover following the home run before the game progressed.