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Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show newsthirst.

Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the Federal Open Market Committee reflected ongoing misgivings about the direction of fiscal and trade policy, with officials ultimately…

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Denmark and Greenland show united front against US ‘annexation’ threats newsthirst.

Denmark will not give up Greenland to the US, Danish Prime Minister Mette Frederiksen has said during an official visit to the Arctic Island. Responding to repeated threats from Donald Trump, Frederiksen offered closer collaboration on security but told the US president: “You can’t annex other countries.” Frederiksen stood alongside Greenland’s Prime Minister Jens-Frederik Nielsen…

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Trump says Treasury Secretary Bessent is going to Ukraine as U.S. has ‘little to show’ for aid sent newsthirst.

U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025.  Elizabeth Frantz | Reuters U.S. Treasury Secretary Scott Bessent will head to Ukraine for discussions about the war with Russia, U.S. President Donald Trump announced Tuesday. Trump said in a post on Truth Social that Bessent will…

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