Business

In letter to Xi, Trump asks China not to send weapons to Iran

President Donald Trump says he warned China against supplying weapons to Iran, and Chinese President Xi Jinping responded with a claim he was “not doing that.” “He responded to a letter that I wrote because I had heard that China is giving weapons to — I mean, you’re seeing it…

Trump threatens to fire Powell, blasts Fed leadership as ‘incompetent’

President Donald Trump unloaded on Federal Reserve Chairman Jerome Powell on Wednesday, threatening to fire him over his alleged “incompetence” if he fails to leave his position. “I’ve held back firing him. I’ve wanted to fire him, but I hate to be controversial, you know?” the president told FOX Business’…

Trump’s Fed pick discloses 1M fortune as nomination faces headwinds

Kevin Warsh would enter the world’s most powerful central bank with a fortune of at least $131 million, according to financial disclosures released Tuesday – an amount that would make him the wealthiest chair in the Federal Reserve’s history. The U.S. Office of Government Ethics released his nearly 70-page financial…