Trump Gets to Pick a New Fed Chair but a Divided Board Still Gets a Say

Former President Donald Trump has signed an executive order aimed at curbing state-level regulations on artificial intelligence (AI), a move intended to establish a unified federal approach to AI governance. This decision reflects ongoing concerns about the fragmented regulatory landscape across various states that could impede technological advancement.

Indian Prime Minister Narendra Modi held his third phone call with former U.S. President Donald Trump following recent tariff hikes, reflecting ongoing discussions between the two leaders amid global trade tensions.

Former President Donald Trump has signed an executive order to create a national regulatory framework for artificial intelligence (AI), aiming to establish a cohesive set of guidelines that would supersede varying state laws. This initiative is part of Trump's broader strategy to address concerns about the fragmented regulatory landscape that could impede AI development across the United States.

Asian stocks opened higher following a record-setting performance by the S&P 500, which was buoyed by the Federal Reserve's third consecutive interest-rate cut. This positive momentum in the U.S. markets has influenced investor sentiment across Asia, leading to a more optimistic outlook for regional equities.

The Federal Reserve's board of governors has unanimously voted to reappoint 11 reserve bank presidents for new five-year terms starting March 1, 2026. This decision marks a significant moment in the reappointment process, which has typically been a low-profile administrative task until now.

Former President Donald Trump continues to assert that there is no affordability crisis in the United States, despite rising costs for groceries, utilities, medical care, and housing, which are affecting many Americans. This stance contradicts the experiences of citizens who are increasingly burdened by inflation and escalating living expenses.

Former President Donald Trump has expressed that more should be done to lower interest rates, as stated by the White House. This statement comes amid ongoing discussions regarding monetary policy and economic conditions, particularly as the Federal Reserve prepares for its final meeting of the year to consider potential rate cuts.

Former President Donald Trump has seen his approval rating regarding economic management drop to 36%, marking an all-time low according to a recent poll by Forbes. This decline reflects growing public dissatisfaction with economic conditions, particularly rising prices that have become a central concern for voters.