Washington, June 7, (IANS) US President Donald Trump on Sunday expressed confidence in newly appointed Federal Reserve Chair Kevin Warsh on Sunday, saying he was “fantastic” and should make his own decisions on monetary policy, while arguing that the US Central bank should lower interest rates rather than raise them despite a stronger-than-expected jobs report. In an exclusive interview with NBC’s Meet the Press, Trump said he did not intend to pressure Warsh as he prepares to chair his first Fe…
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Washington, May 14 (IANS) Republican and Democratic lawmakers clashed sharply during a House Judiciary subcommittee hearing over whether political Islam and Sharia law pose a threat to the US Constitution, with critics condemning the proceedings as anti-Muslim fearmongering. The hearing, titled “Sharia-Free America: Why Political Islam & Sharia Law Are Incompatible with the US Constitution: Part II,” quickly descended into heated exchanges over religion, immigration, constitutional freed…
Washington, April 9 (IANS) US President Donald Trump discussed the possibility of the United States stepping back from NATO, as he met with Secretary General Mark Rutte, amidst widened differences over the alliance’s response to the Iran conflict.The White House said Trump has been considering withdrawing from NATO, with Press Secretary Karoline Leavitt quoting the President as saying the alliance had fallen short.“They were tested and they failed,” she told reporters at a White House news…
New Delhi, Jan 13 (IANS) Shares of major US card issuers and banks, including American Express, have tumbled after President Donald Trump called for a cap on credit‑card interest rates at 10 per cent for a year.American Express fell about 4.28 per cent to $359 and Capital One plunged 6.4 per cent, its largest drop in nine months. American Express Co shares are down 5.33 per cent in the past five days.Citigroup declined 3 per cent, Wells Fargo eased 1 per cent and Synchrony Financial plunged 8….
Washington, Jan 11 (IANS) An eminent Republican Indian American on Sunday warned that the proposed US legislation targeting countries importing Russian oil could hurt India-US relations, cautioning that the timing and scale of the measure risk undermining ongoing trade negotiations between New Delhi and Washington.In an interview with IANS, Ashok Mago, founder chairman of the Greater Dallas Indo American Chamber, now known as the US-India Chamber of Commerce, said the move was “not very helpfu…