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Trump claims Federal Reserve had become ‘distracted’ as he swears in new chair Kevin Warsh – US politics live | Donald Trump
Trump claims Federal Reserve lost its way before Warsh
Trump spoke about how he believed the US Federal Reserve had lost its way recently.
It became distracted by concerns far removed from its core mission and mandate, drifting into matters such as climate policy and DEI initiatives, with the Fed strength from its mandate, while the last administration blew out the deficit, Americans suffered the worst inflation that we had in history. It was the worst inflation we’ve ever had. As you know, there’s some people say you’re wrong about that.
The president was hopeful that Warsh would bring about positive economic growth.
It’s so important, and as we discussed, economic growth doesn’t mean inflation, it can be just the opposite, actually. But economic growth does not mean inflation. You don’t have to stop the world because you’re doing well. Kevin’s also said that he’ll bring much-needed reform and modernization transforming obsolete data collection methods, rolling back reliance on inaccurate models and curtailing the Fed’s practice of issuing so-called forward guidance.
Key events
Trump’s pick for surgeon general sells supplement with ingredient banned by Pentagon
Michelle R Smith
Donald Trump’s nominee for surgeon general sells an herbal supplement that contains an ingredient prohibited by the US military and which health experts have warned can cause liver damage.
Dr Nicole Saphier’s record of selling dietary supplements, which are only loosely regulated in the US, has raised concern among doctors and consumer advocates, some of whom allege she sells “snake oil”.
Amazon said it had opened an investigation into the products after the Guardian inquired whether they were in compliance with the company’s policies on supplement sales.
“Nobody who prides themselves as rigorous about science is in the supplement business,” said Dr Peter Lurie of the Center for Science in the Public Interest, a food and health watchdog organization. Lurie has been an outspoken critic of what he called wellness industry “grifters” inside health secretary Robert F Kennedy Jr’s Make America Healthy Again (Maha) movement, who he said sold consumers poorly regulated supplements with unsupported claims.
The surgeon general is considered America’s doctor, responsible for communicating the best scientific information to Americans about how to improve their health. Previous surgeons general have issued influential warnings on tobacco use and educated the public about Aids.
Saphier specializes in breast cancer as a radiologist at Memorial Sloan Kettering Cancer Center in New Jersey and is a former contributor to Fox News. She is Trump’s third pick for the job after his first two failed to advance in the Senate.
Saphier and her company, Drop RX, did not respond to several emails seeking comment.
“Dr Nicole Saphier is an accomplished physician who has practiced radiology at Memorial Sloan-Kettering and has been an outspoken voice on breast cancer prevention, intrusive COVID-19 mandates, the politicization of science, and the federal government’s role in America’s chronic disease epidemic,” the White House spokesperson Kush Desai wrote in an email. “She will be a powerful asset for President Trump and work tirelessly to deliver on every facet of his Maha agenda.”
As Warsh’s swearing-in ceremony came to a close, he met government leaders and officials in the audience, before exiting the room.
“My goal now is to create an environment in which the best people can do their life’s best work and to face every challenge in the spirit of common purpose and motion to the national interest, in a word, to excellence,” said Warsh towards the end of his speech.
Warsh says he will make Fed ‘reform-oriented’
Warsh said he will lead a “reform-oriented Federal Reserve”, describing his mandate promoting “price stability and maximum employment”.
He said: “inflation can be lower, growth stronger, real take-home pay higher, and America can be more prosperous, and no less important,” adding that “America’s place in the world [would be] more secure.”
“It is such an honor for Jane and me to have this ceremony here in the East Room with you, sir,” said Warsh as he started his speech. “I couldn’t ask for a more beautiful setting or more gracious welcome, and I am grateful.”
Warsh described Justice Clarence Thomas as “a joyful and collegial presence on our highest court” and his “esteemed friend”.
He also spoke about Justice Brett Kavanaugh:
As young staffers, a full generation ago in this building, and I shouldn’t be speaking for another justice, but I will tell you something that I always felt that Justice Kavanaugh and I felt the majesty of this place where we’re now sitting, and we counted ourselves blessed and grateful to serve the nation we love.
Justice Clarence Thomas was called up to stage by Trump, to help Warsh swear in as chair of the federal reserve.
Trump spoke about how under his leadership the medical and auto industries had moved their manufacturing to the US.
He quipped about not knowing if its easier to be the president of the US or a justice of the supreme court.
On Thursday Trump said the justices in the supreme court don’t listen to what he thinks, in regards to the upcoming birthright citizenship decision.
Trump said many of the regulations he has cut have led to the creation of more jobs and lowered costs and increased economic growth.
Jobless claims recently hit the lowest level since 1969. Five million people have been lifted off of the food stamps. In a short period of time, more Americans are working today than ever before. And very importantly, 100% of the net new jobs under this administration have been created in the private sector.
On the military, Trump said the GOP will be submitting a military budget for $1.5tn.
“We have the greatest military in the world,” he said. “I built it during my first term. I didn’t know we’d be using it so much in my second term.”
Trump said when he turned on the television to see how the stock market was doing, it was up by 600 points. “That means they like you,” he said.
Trump claims Federal Reserve lost its way before Warsh
Trump spoke about how he believed the US Federal Reserve had lost its way recently.
It became distracted by concerns far removed from its core mission and mandate, drifting into matters such as climate policy and DEI initiatives, with the Fed strength from its mandate, while the last administration blew out the deficit, Americans suffered the worst inflation that we had in history. It was the worst inflation we’ve ever had. As you know, there’s some people say you’re wrong about that.
The president was hopeful that Warsh would bring about positive economic growth.
It’s so important, and as we discussed, economic growth doesn’t mean inflation, it can be just the opposite, actually. But economic growth does not mean inflation. You don’t have to stop the world because you’re doing well. Kevin’s also said that he’ll bring much-needed reform and modernization transforming obsolete data collection methods, rolling back reliance on inaccurate models and curtailing the Fed’s practice of issuing so-called forward guidance.
Trump advised Warsh to be totally independent as the Fed chair.
“I want him to be independent and just do a great job,” said Trump. “Don’t look at me, don’t look at anybody, just do your own thing and do a great job.”
Trump also gave a shout-out to the acting attorney general, even without being able to spot him in the audience.
He’s pretty busy. He’s kept very busy. I’ll just say he’s doing a very good job working together, right? He’s doing a great job, actually.
The 30-year-old woman was found with serious injuries in the city centre early on Monday.
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Key events
74 mins: Salford would need to score in the next five to have any chance but nothing this afternoon has indicated they might.
County are slowing things down.
72 mins: Start the car, duck, the Magpies are off to League One.
GOAL! Grant does extremely well on the right. It looks like his cross is a duffer as it goes behind Jatta but Jones leaves Graydon in his wake and pummels the ball into the corner.
GOAL! Notts County 3-0 Salford (Jones, 70)
Jones has send the Pies to heaven.
70 mins: Iorpenda decides to go it alone despite having options and his shot is very weak, allowing Young to fall on it.
68 mins: Grant replaces Luker for County.
66 mins: HYDRATION BREAK!
64 mins: Jones looks to be fouled by Woodburn but the referee is not interested and Salford counter without success.
Grant is being prepared by Paterson.
62 mins: Borini has come out to bark the orders. I think Salford are very much 3-4-3 now.
60 mins: Borini and Harris are on for Salford. The pair have cracking CVs, taking in Sampdoria and Metalist Kharkiv, and both have enjoyed success in Turkey. Cooper and Longelo off. Should be a fun formation now ..
58 mins: As we head towards the hour mark, some more changes must come. Salford have improved since the break but are still seeking greater dynamism, while County make want to freshen things up.
Ness is booked for taking down Udoh in cynical fashion.
56 mins: Woodburn thwacks in a cross, which deflects of Bedeau’s arm but it is not an illegal action. The ball reaches Graydon anyway but he fluffs his finish.
54 mins: Mnoga takes down Luker. The defender is on a yellow and the County players have a word with the referee looking for a second, which he is lucky not to receive.
52 mins: Cesay catches someone quite high to give away a free-kick but does not suffer any further punishment.
50 mins: County have a corner on the left. Jones lifts the ball into the box but Oluwo flicks away.
Salford break up the pitch but it ends with Garbutt’s cross going out off a County leg but the referee gives a goal kick.
48 mins: Jatta drives a cross from the byline but Mnoga is there to whack away. A third Notts County goal would completely kill this game off.
46 mins: Salford almost have a goal within 20 seconds as Cesay goes through on goal but Belshaw comes out bravely to stop him and gathers the ball. The goalkeeper seems to get a stud in the knee for his troubles.
Second half
Here we go again!
Woodburn replaces Butcher for Salford.
Half-time reading.
Half-time: Notts County 2-0 Salford
The Magpies have been the much better team and punished Salford’s mistakes to put them 45 minutes away from League One.
45+2 mins: We are half way through four minutes added on.
Salford need to get through to the break and then come up with a plan to change things. Woodburn, Harris and Borini could be interesting options.
GOAL! Jones pings the free-kick to the back post where McDonald is waiting to lift it into the danger area where Ness is primed to head into the top corner.
GOAL! Notts County 2-0 Swindon (Ness, 45)
A well-worked free-kick is headed home by Ness.
44 mins: Mnoga takes down Jones in crude fashion. The Salford man is cautioned while the Notts County midfielder writhes in pain. It is a poor challenge but VAR do not need to intervene.
42 mins: Longelo is needlessly fouled by Ness on the left flank. Not a smart bit of defending. Garbutt comes over to take it but it goes over everyone. It looks a decent cross but no one in red knew what to do.
40 mins: Robinson has his finger to his lips as he ponders how to change things. He also looks like he has put plenty of sun cream on.
38 mins: Norburn is too relaxed on the edge of his own box and is almost dispossessed.
36 mins: Jatta puts in a cracking challenge to win the ball back from Mnoga. A man of many talents.
34 mins: Mnoga has taken it upon himself to wake Salford up, charging out of defence and straight into Robertson to win a free-kick. They quickly lose the ball and Notts County can now be more patient.
GOAL! A superb pass from Jones catches out the centre-backs, allowing Jatta to latch onto the ball and slot a shot into the corner.
A number of roads have been closed after a shooting outside One Four One bar in Sheffield.
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