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Morning Report — Trump, Fed split over tariff outlook and economy

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Morning Report — Trump, Fed split over tariff outlook and economy

In today’s issue: President Trump and allies revel in assertive decision making that keeps friends and foes off balance, even if resulting uncertainty turns out to be a drag on U.S. growth this year. Federal Reserve Chair Jerome Powell pointed to the administration’s on-again-off-again tariffs while explaining why the central bank is opting to stand…
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Kathleen Kennedy Townsend says Pope Leo XIV’s welcoming first speech an ‘important message at this time’

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Kathleen Kennedy Townsend says Pope Leo XIV’s welcoming first speech an ‘important message at this time’

Kathleen Kennedy Townsend, the niece of former President John F. Kennedy, who was the first Roman Catholic U.S. president, reflected on Pope Leo XIV’s first speech as a pontiff. Former Maryland Lt. Gov. Kennedy Townsend, who is the eldest daughter of the late U.S. Attorney General and U.S…
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Brother says Pope Leo XIV will likely follow Francis and look out for ‘those who don’t have a voice’

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Brother says Pope Leo XIV will likely follow Francis and look out for ‘those who don’t have a voice’

The brother of Robert Prevost, now Pope Leo XIV, said the newly elected pontiff will likely follow in the late Pope Francis’s footsteps to serve and look out for “those who don’t have a voice.” John Prevost, one of Robert’s two brothers, said that Francis and Leo were “two of a kind,” noting that his…
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Vance says Powell is a ‘nice guy’ who is ‘wrong about almost everything’

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Vance says Powell is a ‘nice guy’ who is ‘wrong about almost everything’

Vice President Vance praised Federal Reserve Chair Jerome Powell as a person during a recent interview but argued that Powell has been “wrong about almost everything.” “Well, first of all, I think the president is right about Jerome Powell. Jerome Powell, he’s a nice guy, but he’s been wrong about almost everything…
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