White House Economic Adviser Claims Fed Chief's Job Is Safe

Trump once boasted of market gains, now tweets cause drops

The conversations confirmed that "ample liquidity is available for lending to consumer and business markets", he said.

As blue chips sank even deeper into the red after weeks of chaos, Trump tried to assign sole blame for the sell-off to the Federal Reserve, likening the central bank to a golfer who "can't putt".

Trump said he remained confident in American firms, and indicated investors should not fear the markets.

Over the weekend, Mnuchin spoke with the heads of the six largest USA banks, and tweeted a statement afterward assuring that none of them have "experienced any clearance or margin issues".

USA stock futures fell on Monday, giving up slim gains from earlier as volumes picked up, with investors digesting a slew of news from Washington over the weekend amid the benchmark S&P 500's worst December since the Great Depression.

Three dead in Libya's foreign ministry attack in Tripoli
The three attackers were suspected to be Islamic State militants, the security source, who requested not to be named, said. At least three members of staff were killed and 21 others were wounded, health ministry spokesman Wedad Abo Al Niran said.

President Donald Trump expressed confidence on Tuesday in Treasury Secretary Steven Mnuchin, who is struggling to contain his first real crisis but has failed to assuage investors unnerved by turmoil in Washington.

Asked regarding Fed Chairman Jerome H. Powell, Trump aforementioned that the financial organization was "raising interest rates too fast" however that he had "confidence" that the Fed would "get it pretty presently". There's not one really big story, not one really big threat that threatens to derail us, derail our economy.

The stock market was only open for half a day Monday, and that was more than enough time for the Dow Jones Industrial Average to drop 2.9 percent to 21,792.20. "I think she's now in that unfortunate position of being beholden to her left wing, to where she can not be seen as agreeing with the president on anything until after she's speaker".

Late Sunday, Mnuchin disclosed calls with the heads of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

With stocks on track for their worst December since the Great Depression, Mr Trump has regularly berated the Fed for its stewardship of the economy.

Did Trump Just Ruin Christmas for One 7-year-old Child?
Instead, they listed the number of the North American Aerospace Defense Command (NORAD). President Trump and the First Lady have released their annual Christmas message.

However, analysts said prospects for a global economic slowdown in the coming year-which would weaken crude demand-and rising U.S. shale output are dampening sentiment and limiting any rebound from the current 15-month lows.

Mnuchin's attempts over the weekend to assure investors only seemed to make matters worse as the confusing signals from Washington sent the markets plunging.

Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was "not thrilled" with the chairman.

Investors have been forced to trade choppily since later September, mainly due to uncertainty surrounding the trade war between the USA and China, along with the Fed's decision to increase raise interest rates.

At Least the Government Shutdown Won't Cancel Santa
We will cut into our programming each time we get footage from NORAD and let you know where Santa is located. Want a little more information about NORAD's Santa Tracker while you're following Santa's travels?

Related News:

  • Ex-Pakistan PM Sharif Sentenced to 7 Years in Prison for Graft

    Ex-Pakistan PM Sharif Sentenced to 7 Years in Prison for Graft

    Commenting on the verdict, Sharif said that his conscience was clear as he was never involved in any kind of corruption. Earlier, Judge Malik requested Supreme Court to give extension for concluding remaining cases against Sharifs.
    Big winter storm on track for later in week

    Big winter storm on track for later in week

    Temperatures could once again spike into the upper 50s and lower 60s! Expect sunshine and cooler temperatures. It will stay mild and misty overnight with temperatures not lower than 9 or 10 degrees in light breezes.
    Christmas stalemate in Washington over border wall, shutdown

    Christmas stalemate in Washington over border wall, shutdown

    That means Wednesday is the first day the public could begin to feel the effects of lost government services, Mulvaney said. But Democrats aren't the only ones resisting Trump on the wall. "We can't do it without a wall", he said .
  • In a first, Trump makes surprise visit to U.S.  troops in Iraq

    In a first, Trump makes surprise visit to U.S. troops in Iraq

    Here are photos of the Trumps' Iraq visit. "I had concerns about the institution of the presidency", Trump said . According to Trump, the flight into Iraq was unlike anything he had previously experienced.
    Israeli Planes Attack Targets Near Damascus

    Israeli Planes Attack Targets Near Damascus

    Syrian state media reported earlier in the evening downing several "hostile targets" near Damascus. Earlier Wednesday, Russia criticized the airstrikes, saying they had endangered civilian flights.
    An 8-year-old Guatemalan boy dies in United States  custody on Christmas

    An 8-year-old Guatemalan boy dies in United States custody on Christmas

    Steve Pearce, a Republican whose district along the U.S. -Mexico border includes Alamogordo, did not respond to messages Tuesday. Parents and children together are nearly always released quickly due to limited space in ICE's family detention facilities.
  • Bumrah barrage puts India in charge in Melbourne

    Bumrah barrage puts India in charge in Melbourne

    Just before the end of the first session, Bumrah came stronger and trapped Shaun Marsh (19) LBW to leave Australia reeling. The final three wickets came in a nine-ball burst to wipe out the Australian tail, ensuring a massive lead for India.
    Cell Phone Calls In Massachusetts Affected Briefly By CenturyLink Outage

    Cell Phone Calls In Massachusetts Affected Briefly By CenturyLink Outage

    Some reports told of people unable to get gas as card readers shut down at some gas stations, and others of ATM's glitching. The company is working to resolve the problem, and service has been restored in some areas, such as MA .
    Klopp: Liverpool an enjoyable city

    Klopp: Liverpool an enjoyable city

    It's a nice and pretty good situation, but a lot of other teams have good situations as well, that's it. It's a different team, a different time, everything was different.
  • USA  stocks shake off slide with late-afternoon rally

    USA stocks shake off slide with late-afternoon rally

    Other major indices including the S&P 500 and Nasdaq also rebounded after a tumultuous session on Christmas Eve. Amazon (AMZN), Facebook (FB), Alphabet (GOOGL), Netflix (NFLX) and Apple ( AAPL ) all fell between 1% and 3%.
    Where Has Kevin Spacey Been Living This Past Year?

    Where Has Kevin Spacey Been Living This Past Year?

    The allegations were first made late previous year by former Boston news anchor Heather Unruh , who said the victim was her son. The then 18-year-old, a busboy at the restaurant, sent a Snapchat video to his girlfriend to prove the encounter occurred.
    Trump makes surprise Iraq visit, justifies Syria pullout

    Trump makes surprise Iraq visit, justifies Syria pullout

    Their main role is to support the Baghdad regime's forces in their continuing fight to remove Islamic State from the country. Trump criticized his predecessor, Obama, for withdrawing troops too quickly from Iraq, claiming it allowed for ISIS' rise.


Most liked

Bancroft has 'buried David Warner'
He also said that as captain, Smith should have had "more control" over the situation. The 26-year-old will make a comeback in the Big Bash League for the Perth Scorchers.

Britain voices 'grave' concerns over China's Huawei involvement in UK 5G
Meanwhile, ZTE and Huawei already have plenty of equipment installed through our country, most notably in rural regions. A bill in August barred the U.S. government from buying Huawei and ZTE equipment.

Sears closing 80 more stores in March, includes Mall of America location
Two North Texas Sears stores will close in three months as part of the troubled company's ongoing efforts to remain afloat. Sears has suffered for years, as USA consumers increasingly turned their backs on brick-and-mortar stores.

Mulvaney: $5B Border Wall Demand 'Came Down,' But Dems Walked Out
In television interviews on Friday, Trump aides sought to blame Democrats for the continuing shutdown. They may have the 10 Senate votes, but we have the issue, Border Security.

Trump Says Israel Can Take Care of Itself
Turkey conducted a second offensive with Syrian rebels against the YPG in its northwestern enclave of Afrin in January this year. A delegation of the Syrian Democratic Council, the political wing of SDF, arrived in Russian Federation last week for talks.

Putin crows as he oversees Russian hypersonic weapons test
Hypersonic warheads travel faster than traditional ballistic missiles. He emphasised that no other country now has hypersonic weapons .

Indonesia tsunami: Before and after images reveal dramatic volcano collapse
The disaster took people by surprise in a country that regularly suffers landslides, earthquakes and volcanic eruptions. The death toll following the disaster reached 430 people, and almost 1,500 were injured.

Instagram Pulls Tap-to-Advance Feed After a Brief Accidental Roll Out
Evidently the update was only meant to be tested in a small scale, instead of coming to a large portion of users. The update now has users tap or swipe horizontally through their feed, versus vertically.

Iraqi government declares Christmas Day national holiday
In a statement here today, Chandrababu said Jesus Christ preached peace and wished the welfare of human mankind. In India Christmas is celebrated by all Indian Christians traditionally.

Luke Shaw makes cheeky jibe towards Pogba for Mourinho post
And one thing Solskjaer won't struggle to do when they next meet is fire up his players, with the interim boss more than aware of the club's rival.

Packers should pursue free safety D.J. Swearinger
With Giants Pro Bowl safety Landon Collins injured, Swearinger could wind up being named to the Pro Bowl as a replacement. In 20 games with the Cardinals in 2015 and 2016, Swearinger posted three interceptions, two sacks and a forced fumble.

Justice Ruth Bader Ginsburg released from hospital after cancer surgery
There was no evidence of any remaining disease following the surgery, nor was there evidence of disease elsewhere in her body. Ginsburg has said she plans to stay on the bench as long as she can do the job "at full steam".

Shopping, banks, skiing and more: What's open and closed during Christmas
Most pharmacies and convenience stores will be open, so why not check out CVS , Rite Aid , or Walgreens? Target . In addition, Total Wine will provide same-day delivery Christmas Eve to most locations in Miami-Dade.

Turkey leader promised he'll 'eradicate' ISIS in Syria
Hammoud said they are now preparing to take on Manbij, adding that deploying to areas to the south will come later. Sean Robertson, said the execute order for withdrawal from Syria has been signed but provided no further details.

Dana White: ‘Jon Jones Did Not Do Anything Wrong’
White added: "If these guys even doubted that something bad happened here and he was wrong or whatever, the fight's off". I can not wait to fight Alex Gustafsson this Saturday December 29th at the Los Angeles Forum in Inglewood.