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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 family of Shaun Burton, say they are “devastated” by the loss.
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Key events
In the opening half an hour against Cape Verde, Mikel Oyarzabal, the centre-forward, did not get a single touch.
Kyle Green gets in touch: “Your highlighting of Lalas and his absurdity is something that has prevented me from wanting to watch the coverage on Fox. While every channel has its pros and cons I just can’t.
“I’m 45 and probably the youngest of anyone who remembers him as a player instead of an opinionated insert insult here. As for the match this could be more competitive than it looks on paper Spain need a win the pressure is on them. Saudi Arabia could hold out for a draw and see what happens in their last match. “
News from the England camp, and it seems to be good news on Declan Rice.
“I’m ready and fit, raring to go. I was feeling a little bit of neural pain in my hamstring, which I was managing from after Christmas with Arsenal for a very long time. Obviously, not a lot of people would have known that. It was all behind-the-scenes stuff but it was a smart decision.
“In the end, that last 20 minutes is probably where you pick up the most, and it’s where you play a 70-minute match. But that last 20 is where you really feel your body going for it. And I think it was a smart decision because the last few days I felt really, really good.”
Alex Reid has penned today’s weekend special Football Daily.
Portugal v Uzbekistan on Tuesday enticingly pits the incredibly nice, incredibly 41-year-old-superstar-tolerant Roberto Martínez against Fabio Cannavaro, who’s won a Ballon d’Or as a player and the Chinese Super League as a coach. While the fixture following that game really does see the dream of Thomas Tuchel – in his first international job with England – taking on Queiroz, who is in charge of his ninth national side with Ghana.
The expected formations are 4-2-3-1 for Spain, and 5-3-2 for the Saudi Arabians.
The Saudi team features two Donis changes: Ali Lajami, a defender, and Nasser Al Dawsari, a midfielder, are preferred to Mohammed Abu Al Shamat and Mohamed Kanno. You may recall Salem Al Dawsari, the Saudi captain, as the man who scored the winner against Argentina.
An entertaining read, even for those of us who have just seen the clips.
In a conversation where his co-panelist is casually reminiscing about his days playing alongside Messi or exchanging shirts with Ronaldo Nazário at the World Cup, what exactly is Lalas going to talk about – coming on as a second-half substitute for Earnie Stewart in a friendly against Scotland in 1998? Helping the Kansas City Wizards finish last in the 1999 MLS Western Conference? Did Lalas enjoy an elite playing career? No. But does he do the background reading that could compensate for his relative lack of standing in a conversation with titans like Henry and Zlatan? Also no. But is he charming or funny or charismatic or otherwise magnetic on screen? Eh, no.
For the record, I once interviewed Alexi Lalas on the challenge of playing against Romario in the 1994 World Cup. He had this to say:
“He could kill you in so many different ways. If you remember from that World Cup, he scored so many types of goals. That ranged from solo adventures to an outside-of-the-right-foot half-volley off a corner kick. Romario was both the most difficult to play against and the best that I have faced.
“Roberto Baggio was doing his thing, but in terms of consistency and living up to the hype, he [Romario] was the best. As with all stars, there was a moment when the fans sit up in their seats, and that was a feeling I got with Romario. When it got close to him and the potential for his involvement in a play was there, everybody sat up in their seat. They knew that something spectacular would be happening.”
Saturday’s match reports here.
The Saudi Arabia coach, and Blackburn legend, Georgios Donis, spoke about the challenges facing his team: “Spain is not the same team when Yamal or Williams are on the bench.
“While they still have plenty of possession, they lack the individual one-on-one penetration when these two are missing. I’m not saying it’s a problem for Spain, but when those players are missing, they play in a different way. We saw this very clearly against Cape Verde.
“We are playing against one of the best teams in the world, and it’s very important that when you play against these kinds of teams, you should enjoy the experience and respect the opponent, but not too much.
“It is very hard for any team playing against Spain to have any time in possession. So what we must do is to be more in control of our movement and compact, and when the ball goes through the lines, be able to defend dynamically.
“It’s nice to see miracles in football, and we’ve seen favourites losing against underdogs. Of course, it’s great for Saudi football to have a great memory of the result against Argentina, but we aren’t drawing anything from that.
“I think we’ll feel more pressure in that [Cape Verde] game than we will against Spain.”
The Spain coach, Luis De La Fuente had this to say in his Saturday press conference: “This generation of footballers is highly competitive and really fired up… It’s going to be a completely different story,” he said at his pre-match press conference on Saturday. There is no drama or crisis. The bottom line is simply that we need to win tomorrow.”
Four changes for Spain: Lamine Yamal, Pedro Porro, Dani Olmo and Alex Baena also come into the side with Marcos Llorente, Fabian Ruiz, Ferran Torres and Gavi dropping out.
The teams – Lamine Yamal starts
Spain: Simon, Porro, Cubarsi, Laporte, Cucurella, Gonzalez, Rodri, Yamal, Olmo, Baena, Oyarzabal. Subs: Raya, Joan Garcia, Pubill, Grimaldo, Eric Garcia, Llorente, Merino, Torres, Fabian, Gavi, Pino, Williams, Zubimendi, Munoz, Iglesias.
Saudi Arabia: Al Owais, Abdulhamid, Tambakti, Lajami, Al Amri, Al Harbi, Nasser Al Dawsari, Al Khaibari, Al Juwayr, Al Buraikan, Salem Al Dawsari. Subs: Al Aqidi, Al Kassar, Majrashi, Yahya, Al Shehri, Al Boushal, Kadesh, Al Johani, Al Ghannam, Al Hajji, Al Hamdan, Mandash, Kanno, Thakri, Abu Al Shamat.
Referee: Raphael Claus (Brazil)
Perhaps one of the Saudi -players can write themselves into this high-grade selection?
Perhaps it can be their goalkeeper.
Madrid screening of Spain v Saudi Arabia cancelled due to heat
The public screening of Spain’s World Cup match against Saudi Arabia in Madrid on Sunday has been cancelled because of extreme heat forecast for the Spanish capital, officials said.
The match, due to kick off at 6pm local time on Sunday, had been scheduled to be shown on a giant screen installed by the Spanish football federation (RFEF) at a fan zone in Plaza de Colón in central Madrid.
Madrid city council and the federation decided to cancel the screening after national weather agency AEMET issued an orange heat warning – the second-highest level – for the Madrid region, with temperatures forecast to reach 40C.
“The decision has been taken with the aim of protecting the health of attendees, event staff and support services involved in the event,” Madrid city hall said in a statement, apologising for any inconvenience.
Officials urged supporters to watch the match indoors in air-conditioned spaces and avoid prolonged exposure to the heat.
Large parts of Spain are experiencing unusually high temperatures for June as a mass of hot air from North Africa moves across the Iberian Peninsula.
A total of 13 of Spain’s 17 regions are on orange alert for heat on Sunday, while the northern Basque Country bordering France is on red alert, the highest level.
Authorities advised residents and visitors to take precautions during the heatwave, including drinking water regularly, staying in cool environments, limiting outdoor physical activity during the hottest hours of the day and taking extra care of vulnerable people. AFP
Can Saudi Arabia repeat the magic of 2022?
Argentina arrived in Qatar on a 36-game unbeaten run. When Lionel Messi opened the scoring from the penalty spot after 10 minutes, a comfortable afternoon seemed in the offing. Saleh al-Shehri and Salem al-Dawsari had other ideas, Argentina had three goals disallowed for offside in the space of 13 minutes and the greatest comeback in Saudi Arabia football history was made. Argentina went on to lift the trophy, while defeats to Poland and Mexico meant the Saudis did not reach the knock-out stage.
Unai Simon over David Raya is a controversial choice for De la Fuentes. The Arsenal keeper could lay claim to being Europe’s best this season.
“Those at the Champions League final had a few more days, so I got there on the Wednesday night,” Raya says. “I arrived a bit before Fabián [Ruiz]. I was saying hello to some of the others in reception when he arrived. I went to say congratulations; that was almost the first thing I did. I couldn’t really talk [to him] after the final; I just didn’t have it in me. The next day we talked about the game properly. Just two mates chatting … I was happy for him that he could lift the trophy for a second time.”
A high pressure game for the European champions, as Sid Lowe reports.
“If we had scored one, the game would have changed,” Martín Zubimendi said. Immediately after the game, De la Fuente had offered a simple analysis: when the ball doesn’t want to go in it doesn’t want to go in, he insisted. Spain had racked up 27 shots, after all. Ferran Torres had hit the bar and seen another clear opportunity saved. Vozinha, the 40-year-old goalkeeper who stopped that, saved six more and was named the man of the match. “There’s nothing to reproach the team for,” Rodri said. “We generated chances but couldn’t put it away; the good thing is they created almost nothing.”
We wait to see what role Lamine Yamal will play today. His coach would surely like to be able to use him.
The worst mistake we could make would be to compare him to anyone. He is the midst of a process. He has exceptional footballing maturity and lives it all with total naturalness. He has great serenity and strength. We have to let him follow his path but those players who have something different are ready for that. They’re geniuses, like Dalí [who] can paint a picture, or Michelangelo. They’re different. What is exceptional to us, isn’t to them. In those extremes, they feel comfortable. Why? Because they are different. What we think is exceptional, they consider normal.
Preamble
Spain’s campaign did not get off to a flying start, and Luis de la Fuentes may wake up in the night to visions of Cape Verde’s Vozinha. He will have Georgia on his mind ever since Monday. Saudi Arabia are no pushovers and gave Uruguay a scare in their opening match. Memories of downing Argentina four years ago still abound, and so Spain might beware. They can ill afford to go into the final game with Uruguay at a disadvantage. All eyes on Lamine Yamal, whose fitness situation remains opaque, though Spain need their other forwards to come to the party.
Kick-off 5pm UK, 1pm ET, 2am AEST. Join me.
A topless man can be seen driving erratically in Edinburgh before abandoning his car and attacking a black man and a delivery rider.
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