US Fed holds rates steady, Powell to remain on its board
Powell says he will not leave the Federal Reserve Board until legal challenges posed by Trump are ‘well and truly over’.

Powell says he will not leave the Federal Reserve Board until legal challenges posed by Trump are ‘well and truly over’.







![The confirmation hearing from Kevin Warsh, Trump’s pick to be Powell’s potential successor is scheduled for next Tuesday [File: Kent Nishimura/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/04/2025-07-24T214447Z_34146845_RC28TFAVNX5J_RTRMADP_3_USA-TRUMP-FED-1776262869.jpg?resize=770%2C513&quality=80)

Judge Boasberg says Trump administration’s arguments ‘do not come close to convincing Court’ of subpoenas’ legitimacy.

It’s been 10 years since the Panama Papers leak exposed how the world’s richest hide their wealth.
Prosecutors investigating suspected link to Iran war due to similarities with other recent attempted attacks in Europe.
Police arrest suspect before setting off explosive device outside US bank’s headquarters.
The US Federal Reserve keeps rates steady at 3.5–3.75 percent amidst a cooling labour market and Iran pressures.
Judge James Boasberg ruled US prosecutors under Trump produced ‘essentially zero evidence’ to justify the subpoenas.
US prosecutors say Turkish assistance in negotiating ceasefire , release of captives from Gaza contributed to settlement.
Air Force plane transporting cash veers off runway and into busy road; crowds scramble for scattered banknotes.
Federal documents reveal how financiers, billionaires and major banks remained intertwined with Epstein for years.
Experts vary in their views on Kevin Warsh, Trump’s nominee to replace Jerome Powell as head of the US central bank.