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Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
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The US president piled major pressure on Kevin Warsh's predecessor to cut interest rates.
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Despite President Donald Trump's demands for lower interest rates, markets are betting the Fed will stay on hold through most, if not all, of 2026.
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;Resize=(620)) It was a tumultuous day on Capitol Hill on Thursday as Senate Republicans abruptly left Washington without voting on legislation that includes money the Trump administration wants for an improved White House ballroom, while House Republicans rejected holding a vote on the war power, one that they risked losing for the first time.
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President Trump said he would send 5,000 troops to Poland, part of a back-and-forth that has left European leaders reeling.
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British police urged witnesses to come forward on Friday as they continued to investigate potential offenses by former Prince Andrew related to Jeffrey Epstein.
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Republicans struggled Thursday to find the votes to dismiss legislation that would compel President Donald Trump to withdraw from the war with Iran, delaying planned votes on the matter into June.
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The US has warned that a peaceful agreement with Cuba is unlikely, Havana insists this is a "fraudulent case" designed to justify military intervention.
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The remarks came just hours after he had vowed victory in Ukraine at Moscow's most scaled-back Victory Day parade in years.
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