Trump pick face-plants in first major address: 'Exactly what you don’t want'

President Donald Trump's handpicked chair of the Fed is off to a rough start after a major economic face-plant on Wednesday, according to a new report.Kevin Warsh's second news conference as Federal Reserve chairman was met with dismay as he lectured reporters about the Fed's commitment to fighting inflation and financial markets immediately called his bluff, the New York Times reported Thursday."We are going to be judged by how we perform," said Warsh. He attempted to frame the central bank's role in performative terms as he announced Fed held rates would be held steady at between 3.5 to 3.75 percent, the Times reported.That's when the $28 trillion U.S. government bond market delivered a swift and humiliating verdict."Long-term government borrowing costs shot higher as Mr. Warsh spoke, with the 30-year bond notching its largest one-day increase in more than a year," the Times reported. "Trading around 5.22 percent, it is at the highest level since 2007," the report noted. "The 10-year Treasury yield, which serves as the benchmark for borrowing costs around the world, also rose alongside expectations about inflation over a longer time horizon."Lael Brainard, who served as Fed vice chair before joining the Biden administration argued Warsh had made a simple mistake. "The markets initially interpreted the price stability tough talk as someone who was willing to take the necessary action to address inflation and then was surprised that there wasn't follow through," she said. Mark Cabana, an interest rate strategist at Bank of America, elaborated on that and offered a more brutal assessment to the Times. "As a central banker, this is exactly what you don't want," he said. "You don't want the market questioning your inflation credibility."

Obama endorses Democratic Iowa state rep running for US Senate against Trump-backed House Republican

Former President Barack Obama endorsed Democratic Iowa state Rep. Josh Turek for U.S. Senate as the candidate runs against Trump-backed Republican U.S. Rep. Ashley Hinson.

Trump Has Incredible Response to Fauci's Testimony

Trump's frustrated base fumes he's 'not the end all, be all' anymore: report

President Donald Trump's iron grip on a red state stronghold is showing signs of rust — two weeks before an important election.The president's popularity is deflating in South Carolina and the proof is in the pudding of Sen. Darline Nordone's Trump-endorsed bid to replace her late brother Lindsey Graham, the Washington Post reported Thursday."I don’t think that Trump is the end all, be all that he used to be,” CJ Westfall, chairman of the Dorchester County Republican Party, told the Post. "People are going to be independently minded in this."Trump's decision to endorse Nordone — whose already spurred a MAGA meltdown with a $100 check — hasn't tipped the scales in her favor, according to the report. Critics argue Nordone has no political record beyond supporting her brother — himself not seen as a MAGA faithful, according to the report.Now the president's conservative base has begun to question his motives, the Washington Post reported."His supporters question whether the president is acting with their top priorities in mind," the report states. "Some are simply irked that Trump wants to hand off a coveted six-year term to someone based on family ties, rather than a proven conservative record."Nordone was appointed by Trump to replace Graham after his sudden death earlier this month then endorsed when she decided to seek a full term.The less-than-enthusiastic response to Trump's endorsement saw a dozen GOP candidates file to run in the Aug. 11 primary election, according to the Post. “Trump’s endorsements haven’t always been correct in the voters’ eyes,” Mark Lynch, running to succeed Graham, told the Post. “We’re not going to have a coronation in this state and elect Darline as the queen, underneath the king, Lindsey.”

Trump Targets ‘One Of The Worst Airports Anywhere In The World’ For $22.5B Overhaul

President Donald Trump on Wednesday unveiled a $22.5 billion plan to overhaul Washington Dulles International Airport, calling the longtime gateway to the nation’s capital “one of the worst airports anywhere in the world.”  “It’s considered one of the worst airports anywhere in the world, we’re going to make it maybe the best with some hard ...

Judiciary Committee cancels vote on Blanche AG nomination amid GOP opposition

A federal judge overseeing the related Trump-IRS lawsuit said the proposed settlement amounted to collusion.

WATCH: Trump announces massive makeover of Washington Dulles Airport

'It's considered one of the worst airports in the world. We're gonna make it one of the best'

Trump White House rages at singer Noah Kahan for refusing to let it use his music

The Trump White House lost its cool with a popular musician after he called out Trump for using his song without permission.The White House used the song "American Cars" in its social media posts earlier this week, pairing it with images and video of President Donald Trump's Monday visit to a General Motors facility in Michigan. The song's artist, folk-pop star Noah Kahan, called out Trump for using it without his permission."Would never approve of my music being used in support of you or this administration," Kahan wrote in the comments of the White House Instagram post using the song. People reported that songwriter Gabe Simon, who co-wrote "American Cars," criticized the song's use as well. The track was removed from the White House's Instagram post but stayed on the White House TikTok account.On Wednesday, the Trump administration took to X to call out Kahan. Deputy Assistant to the President Kaelan Dorr wrote, "Symptoms of TDS apparently include having a northern attitude." TDS refers to "Trump derangement syndrome," a label that Trump uses for his critics. Dorr's post was also referencing Kahan's 2022 hit "Northern Attitude."The White House defended itself by arguing that the track was in Instagram's public library and that anyone could use it, according to HuffPost.Trump has repeatedly been shut down and slammed after using popular artists' work without their permission. Over the weekend, pop star Katy Perry took to X to say she was "appalled" to see that the Trump administration had "weaponized" her song "Firework" for a video of military violence. Her response led to a MAGA meltdown and upset some Trump officials.Celine Dion, Kesha, and Tom Petty's estate have also joined the long list of artists who have called out Trump for using their music without permission.