Le Journal

Battle for Fed Independence: Trump's Legal Fight Over Fed Governor's Firing The U.S. Supreme Court is currently at the center of a pivotal case concerning the future of the Federal Reserve's independence, following President Trump's efforts to dismiss Fed Governor Lisa Cook. Her firing, announced in a social media post over unproven mortgage fraud allegations, has sparked critical discussions on what constitutes 'cause' for dismissal.Central bank Chair Jerome Powell and other notable figures, including current Fed Governor Michael Barr and former Chair Ben Bernanke, were present during the arguments, signaling strong support for maintaining the Fed's autonomy. Economists warn that granting Trump the right to fire Cook could weaken the central bank's independence.The case highlights the challenges in interpreting the Federal Reserve Act, specifically its provisions for removing governors. While Trump's administration argues for dismissal over 'deceit or gross negligence,' Cook's defense maintains that due process was not followed. Political ramifications are apparent, as Congressional Democrats rally to uphold the Fed's autonomy.

Trump's Tariff Reversal on Europe: A Greenland Negotiation Twist In a significant diplomatic turnaround, US President Donald Trump announced on Wednesday the withdrawal of his threat to impose tariffs on multiple European countries. This decision follows the establishment of a new security framework with NATO concerning the Arctic region, a move that appears to mitigate rising tensions over Greenland.European leaders had openly criticized Trump’s proposed tariffs, viewing them as a strategic misstep. European Commission President Ursula von der Leyen condemned the tariffs, and French President Emmanuel Macron hinted at a possible strong economic retaliation from the EU.The abandonment of the tariffs has produced immediate positive effects on the US financial markets. The S&P 500 and Dow Jones Industrial Average saw a 1.2% gain, partially recovering from the previous day's losses. Concerns among US officials about the potential negative impact on foreign policy also seem to have eased.

In reply to Ryan84. With what QBs? Nothing but casts offs, backups, and Old QBs that should've been retired. Mike T did a phenomenal job working with that he had. Kansas City has the best QB in the league and couldn't even make the Playoffs or have a winning record.

Elizabeth Holmes Seeks Trump's Intervention for Early Release Elizabeth Holmes, the disgraced founder of Theranos, has turned to U.S. President Donald Trump for a potential pardon that could see her freed from prison nearly six years ahead of her scheduled release. Holmes, who was convicted on charges of wire fraud and conspiracy in 2022, is currently serving an 11-1/4-year sentence.A petition to reduce her sentence was filed last year, but no decision has been made, according to the Department of Justice's Office of the Pardon Attorney. The federal appeals court upheld her conviction and sentence, citing her falsified claims to investors about Theranos' technology from 2010 to 2015.Theranos, at its peak, was valued at $9 billion, and Elizabeth Holmes was once a billionaire on paper. Should Trump extend clemency, Holmes would still owe restitution. However, a full pardon would relieve her of the $452 million repayment obligation. The White House and Holmes' legal team have not yet commented on the request.

In reply to Steelerfan2695. I don't see anything remotely attractive about the browns job. They got a GM who signed off on the Watson deal and is on the hot seat, they don't get to choose their own DC 'i know he's good but a coach should be able to pick his staff' they have one of the worst owners in the nfl and they have blackholes all over the offensive side of the football. That job is a death sentence waiting to happen