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The U.S. benchmark interest rate is now just shy of 2 percent, down from about 2.25 percent. The move was widely expected and falls well short of Trump's call for a "big" cut.
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 The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
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U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers.
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Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the U.S. central bank has acted to support it through a volatile patch, and whether that continues is now in the president's lap.
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 British Prime Minister Boris
Johnson and U.S. President Donald Trump condemned last weekend's
attack on Saudi Arabian oil facilities and discussed the need
for a united diplomatic response in a telephone call on
Wednesday, Johnson's office said.
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Trump Defends Plan to Kill California's Auto-Emissions Authority The New York TimesTrump administration revokes California's authority to set auto mileage standards Fox NewsTrump revokes waiver for California to set higher auto emissions standards CNNOpinion: Trump's bad faith auto emissions mandate is another example of presidential power run amok Los Angeles TimesCalifornia Has a Weak Case in Emissions Fight With Trump BloombergView full coverage on Google News
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Pompeo inadvertently admitted the Iran crisis is a 'direct result' of Trump's actions Business InsiderTrump rebuts Graham: My response to Iran 'was a sign of strength' CNNIran's Rouhani may cancel U.N. visit if U.S. visa not issued soon:... ReutersTrump Has an Iran Strategy The New York TimesHow Trump can punish Iran, without starting a war The Washington PostView full coverage on Google News
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Khan warns Pakistanis against joining anti-India fight in Kashmir Aljazeera.comIn coup for Modi, Trump will join Indian prime minister at U.S. rally The Washington PostPakistan says India ‘escalating tensions' after threat to take over all of Kashmir The IndependentPakistan Warns India's Kashmir Move Could Lead to 'Nuclear War' if World Does Not Act NewsweekPakistan refuses permission for India's Modi to fly across its airspace ReutersView full coverage on Google News
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