Thursday, November 20, 2025

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Impeachment Articles Against DHS Sec Mayorkas Will Be Sent to Senate on April 10.

House Speaker Mike Johnson has formally notified Senate Majority Leader Chuck Schumer (D-NY) that he will transmit the articles of impeachment for Department of Homeland Security Secretary Alejandro Mayorkas on April 10. The House Speaker encouraged the Democrat Senate leader to promptly hold a trial for Mayorkas, whom the House of Representatives impeached in mid-February.

“We call upon you to fulfill your constitutional obligation to hold this trial. The American people demand a secure border, an end to this crisis, and accountability fwilor those responsible,” Johnson’s letter concludes. “To table articles of impeachment without ever hearing a single argument or reviewing a piece of evidence would be a violation of our constitutional order and an affront to the American people whom we all serve.”

Several other House Republicans signed the letter, including Reps. Mark Green (R-TN), Michael McCaul (R-TX), Andy Biggs (R-AZ), Clay Higgins (R-LA), and Marjorie Taylor Greene (R-GA). The signers represent various factions within the House Republican Caucus, underscoring that its members remain unified in their push to remove Mayorkas from office for his dereliction of duty in allowing the border invasion to continue unabated.

Senate Democrats have signaled they may table the impeachment articles without a final up-or-down vote. The move, Sen. Schumer appears to believe, would help protect several vulnerable Democrat Senators who are up for re-election this November, including Sens. Sherrod Brown (D-OH), Jon Tester (D-MT), Tammy Baldwin (D-WI), Jacky Rosen (D-NV), and Bob Casey (D-PA). Immigration and the ongoing border crisis have become a top campaign issue this election cycle.

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First Human Case of Rare Bird Flu Strain Hospitalizes Washington State Resident.

PULSE POINTS

WHAT HAPPENED: A Washington state resident was hospitalized after contracting a rare strain of bird flu, marking the first human case linked to this particular virus strain.

👤WHO WAS INVOLVED: The patient is an older person with underlying health conditions, who keeps backyard poultry.

📍WHEN & WHERE: The case was reported in early November in Grays County, Washington, west of Seattle.

💬KEY QUOTE: “The risk to the public from bird flu is low,” according to the Centers for Disease Control and Prevention (CDC).

🎯IMPACT: The case is part of a broader spread of bird flu in the U.S., affecting dairy cattle herds and prompting health investigations.

IN FULL

A Washington state resident has been hospitalized after contracting a rare strain of bird flu, marking the first human case linked to this specific virus strain. The patient, an older person with underlying health conditions, remains in the hospital as of the latest reports.

The Washington State Department of Health revealed that the patient, who keeps backyard poultry, was hospitalized in early November with flu-like symptoms. The poultry had been exposed to wild birds, which are known carriers of the A(H5) virus, a rare strain of avian influenza.

This case, reported in Grays County, adds to the nationwide spread of general bird flu outbreaks, which have already affected over 1,000 dairy cattle herds across 17 states since March 2024. Despite this, the U.S. Centers for Disease Control and Prevention (CDC) maintains that the risk to the general public remains low.

According to health officials, there have been 71 human cases of bird flu in the U.S., with California reporting the highest number. Symptoms mirror those of the common flu, and there has been no evidence of person-to-person transmission so far.

State and local health departments are collaborating with the Washington State Department of Agriculture to trace the source of the infection. The virus primarily spreads among wild birds but can also infect poultry and other mammals.

Image by Keith Evans.

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Trump Tariffs Push GE Appliances to Shift Production from China to Kentucky.

PULSE POINTS

WHAT HAPPENED: GE Appliances announced over $150 million in new U.S.-based supplier contracts as part of its plan to shift production from China to Kentucky.

👤WHO WAS INVOLVED: GE Appliances, U.S.-based suppliers, GE Appliances Vice President Lee Lagomarcino, and U.S. President Donald J. Trump.

📍WHEN & WHERE: Announced Thursday, production to begin in early 2027 at Appliance Park in Louisville, Kentucky.

💬KEY QUOTE: “When we invest in U.S. manufacturing and our people, it drives growth far beyond our own walls,” said Lee Lagomarcino, a GE Appliances vice president.

🎯IMPACT: The contracts will increase GE Appliances’ domestic supplier spending by 3.3 percent, create 800 jobs, and expand the company’s U.S. manufacturing footprint.

IN FULL

GE Appliances has announced over $150 million in new contracts with U.S.-based suppliers as part of its effort to shift production from China to its Louisville, Kentucky facility. The contracts, which range in value from $330,000 to $41 million, cover key supply chain segments such as plastics, steel, aluminum, and castings. The suppliers include companies of various sizes, from U.S. Steel to smaller, family-owned businesses.

The new contracts will support the production home appliances including a combo washer/dryer and a lineup of front-load washers, which GE Appliances plans to manufacture domestically by 2027. The company is investing $490 million to retool its Louisville plant, a move expected to create 800 new jobs. The expansion will increase the facility’s total production footprint to the equivalent of 33 football fields.

“When we invest in U.S. manufacturing and our people, it drives growth far beyond our own walls,” said Lee Lagomarcino, a GE Appliances vice president. He added: “These new supplier contracts represent what ‘Built for America’ is all about—investing in U.S. manufacturing, creating more American jobs and building opportunity that multiplies.”

The contracts are part of GE Appliances’ broader $3 billion commitment over five years to bolster U.S. manufacturing, reshore production, and create over 1,000 jobs. The company has already increased its domestic supplier spending by 69 percent since 2019 and now works with more than 6,500 U.S. suppliers. The new contracts will increase its domestic spending by an additional 3.3 percent.

President Donald J. Trump’s tariff policies have played significant roles in recent decisions by major corporations to reshore and relocate key production to the United States. Still, Lagomarcino contends there are advantages beyond the tariff savings, such as shorter lead times, reduced transportation costs, and improved collaboration with suppliers.

GE Appliances also has plans to shift production of refrigerators, gas ranges, and water heaters from China and Mexico to its U.S. facilities.

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Dem Rep Charged with Embezzling $5 Million in FEMA Funds.

PULSE POINTS

WHAT HAPPENED: Representative Sheila Cherfilus-McCormick (D-FL) has been indicted by a federal grand jury for allegedly stealing Federal Emergency Management Agency (FEMA) disaster funds and laundering the money for personal and campaign use.

👤WHO WAS INVOLVED: Sheila Cherfilus-McCormick, her brother Edwin Cherfilus, and several co-defendants, along with federal prosecutors and investigators.

📍WHEN & WHERE: The alleged crimes occurred in 2021, involving FEMA funds tied to a COVID-19 vaccination staffing contract. The indictment was revealed late on November 19, 2025.

💬KEY QUOTE: “Using disaster relief funds for self-enrichment is a particularly selfish, cynical crime,” said Attorney General Pamela Bondi.

🎯IMPACT: If convicted, Cherfilus-McCormick faces up to 53 years in prison, with GOP lawmakers and federal agencies emphasizing the severity of the allegations.

IN FULL

Representative Sheila Cherfilus-McCormick (D-FL) has been indicted in federal court, along with several co-defendants, for allegedly stealing Federal Emergency Management Agency (FEMA) disaster funds and laundering the proceeds. Federal prosecutors allege that Cherfilus-McCormick and her brother, Edwin Cherfilus, used their family healthcare company to exploit a FEMA-funded COVID-19 vaccination staffing contract in 2021.

According to the indictment, the company received an overpayment of $5 million in FEMA funds in July 2021. The defendants are accused of conspiring to steal the funds, routing them through multiple accounts to obscure their origins. Prosecutors claim that a significant portion of the money was used for campaign contributions to Cherfilus-McCormick’s 2021 congressional campaign and for personal benefits.

Attorney General Pam Bondi stated, “Using disaster relief funds for self-enrichment is a particularly selfish, cynical crime. No one is above the law, least of all powerful people who rob taxpayers for personal gain. We will follow the facts in this case and deliver justice.”

Federal Bureau of Investigation (FBI) Director Kash Patel posted on X (formerly Twitter), “This individual and her family allegedly stole money from FEMA and then laundered it through friends toward her own personal benefits – including her campaign accounts. Today the FBI and partners at [the Justice Department] took action. No one is above the law.”

Republican lawmakers in the House have also reacted strongly to the indictment. Rep. Greg Steube (R-FL) wrote on X, “This is one of the most egregious abuses of public trust I have ever seen.” If convicted, Cherfilus-McCormick faces up to 53 years in prison.

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September Jobs Report Surpasses Expectations with 119K New Positions.

PULSE POINTS

WHAT HAPPENED: The U.S. economy added 119,000 jobs in September, according to a Labor Department report released Thursday.

👤WHO WAS INVOLVED: The Labor Department’s Bureau of Labor Statistics (BLS) released the report.

📍WHEN & WHERE: The report, delayed due to a roughly 40-day government shutdown, was released on Thursday, November 20, 2025.

🎯IMPACT: The jobless rate rose to 4.4 percent in September, up from 4.3 percent in August, while job growth exceeded Wall Street expectations.

IN FULL

The Labor Department (DOL) reported that the U.S. economy added 119,000 jobs in September, exceeding Wall Street expectations. The report, released Thursday, was delayed due to a 43-day Democrat-caused government shutdown that affected federal agencies.

Notably, the Bureau of Labor Statistics (BLS), which prepared the report, announced it will not release an October jobs report as a result of the shutdown. Due to the lapse in funding, the BLS was unable to complete key surveys that are used to determine the number jobs added and the unemployment rate. However, the agency has indicated that it will release a partial sample of data for October, along with the November jobs report, when it is released in December.

The unemployment rate for September increased slightly to 4.4 percent, compared to 4.3 percent in August, according to the data. Wall Street analysts had predicted far fewer job gains, making the 119,000 figure a positive surprise for the markets.

The shutdown, which caused significant delays in federal operations, impacted the timing of key economic reports, including this one.

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UK Supreme Court Declares Christian-Focused School Religious Education and Worship Unlawful.

PULSE POINTS

WHAT HAPPENED: The Supreme Court of the United Kingdom ruled religious education and collective worship in Northern Ireland schools unlawful due to their Christian focus.

👤WHO WAS INVOLVED: A pupil known as JR87, her father, and the Department of Education were involved.

📍WHEN & WHERE: The judgment was delivered on November 19, 2025, in the Supreme Court.

💬KEY QUOTE: “The concepts are two sides of the same coin: conveying knowledge in a manner that is not objective, critical, and pluralistic amounts to pursuing the aim of indoctrination.” – Lord Stephens

🎯IMPACT: The ruling will reshape education in Northern Ireland.

IN FULL

The Supreme Court of the United Kingdom has ruled that religious education (RE) and collective worship in Northern Ireland’s schools breach so-called human rights standards due to their Christian focus, and are therefore unlawful. The judgment follows an appeal brought by a pupil known as JR87 and her father, who argued that the Christian-based instruction at her Belfast primary (elementary) school did not respect their religious and philosophical beliefs.

In a unanimous decision, the court restored an earlier High Court ruling which held that the system of non-denominational Christian RE and daily worship failed to treat religion in an “objective, critical and pluralist manner.” The family first won their case in 2022, but the Court of Appeal later overturned that decision, prompting the appeal to the Supreme Court.

The Supreme Court argued that “all children are entitled to an education that respects their freedom of thought, conscience, and religion,” and rejected the idea that allowing parents to withdraw their children from RE could remedy any issues. The judges said the state must not place children in a position where they may feel “singled out or stigmatized” simply because they hold different beliefs from those assumed by the curriculum.

“The Court of Appeal fell into error in making a distinction between indoctrination and the state conveying information or knowledge in a manner which was not objective, critical, and pluralistic,” the court argued, citing the European Convention on Human Rights (ECHR). “The concepts are two sides of the same coin: conveying knowledge in a manner that is not objective, critical, and pluralistic amounts to pursuing the aim of indoctrination.”

The ruling comes at a time when Christianity and religious freedom in the United Kingdom are at the centre of several national debates. In recent years, the introduction of 150-metre “safe access zones” around abortion clinics in England and Wales has raised concerns among Christian groups, who argue that these measures criminalize even silent prayer.

Questions about the role and direction of Christianity in public life have also intensified following the 2025 appointment of Sarah Mullally as Archbishop of Canterbury, making her the first woman to hold the post. Critics, particularly in conservative Anglican circles, note she is supportive of liberal positions on issues such as abortion, viewing her elevation as evidence of a broader ideological shift to the left within the Church of England.

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Target Partners with ChatGPT to Replace Store Associates with AI.

PULSE POINTS

WHAT HAPPENED: Target announced a partnership with OpenAI to allow customers to shop its products through ChatGPT.

👤WHO WAS INVOLVED: Target, OpenAI, and ChatGPT users.

📍WHEN & WHERE: The tool will debut next week, ahead of the holiday shopping season, accessible via the ChatGPT app.

🎯IMPACT: This partnership reflects ongoing efforts to replace human workers, such as store associates, with AI.

IN FULL

Target is teaming up with OpenAI to allow customers to shop directly within the ChatGPT app, the company announced Wednesday. The feature, timed ahead of the holiday season, will give ChatGPT’s 800 million weekly active users access to Target’s products without leaving the platform.

Users will be able to tag Target in ChatGPT and request product suggestions, such as items for a family movie night. The AI will recommend products like blankets or snacks, and users can complete their purchases entirely within the app.

The move comes as Target navigates a challenging retail environment. The company reported a 2.7 percent decline in same-store sales and a 19 percent drop in profit in its latest quarter. Its financial struggles have been linked in part to boycotts over its diversity, equity, and inclusion (DEI) initiatives, along with broader economic pressures. In response, Target has implemented price cuts and announced a $1 billion investment plan aimed at revitalizing the brand.

Retail analysts say AI integration could enhance sales by creating a more personalized shopping experience. A recent Harris Poll found that nearly half of Gen Z consumers trust AI to assist with shopping and finding deals. Other major retailers, including Walmart, are also exploring AI partnerships to improve customer engagement and drive sales.

The National Pulse reported that Amazon aims to replace up to 600,000 roles with AI-powered robots as part of its long-term goal to automate 75 percent of its operations. Additionally, Amazon has introduced an AI seller assistant on its platform, which is currently in beta testing.

OpenAI, the company behind ChatGPT, has faced its own controversies, including internal whistleblower incidents and reports of models defying shutdown commands. Its leadership has also drawn attention for shifting political affiliations and for high-profile departures. Despite these issues, OpenAI continues to be a leading force in AI development, with tools now increasingly integrated into commercial applications.

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Judge Blocks Ten Commandments Displays in Schools.

PULSE POINTS

WHAT HAPPENED: A federal judge in Texas issued a preliminary injunction requiring certain public school districts to remove displays of the Ten Commandments from classrooms.

👤WHO WAS INVOLVED: Judge Orlando L. Garcia, the American Civil Liberties Union (ACLU) of Texas, Texas Attorney General Ken Paxton, and families from diverse religious backgrounds.

📍WHEN & WHERE: The ruling was issued Tuesday, November 18, 2025, affecting public school districts across the state of Texas.

💬KEY QUOTE: “Once again, a federal court has recognized that the Constitution bars public schools from forcing religious scripture on students,” said Daniel Mach, director of the ACLU Program on Freedom of Religion and Belief.

🎯IMPACT: The decision temporarily halts enforcement of the Texas law requiring Ten Commandments displays, with further court proceedings expected to determine its ultimate fate.

IN FULL

A federal judge in Texas has temporarily blocked enforcement of a new state law requiring public schools to post the Ten Commandments, ordering several districts to remove the displays while a legal challenge proceeds. The preliminary injunction, issued by Judge Orlando L. Garcia, responds to a lawsuit filed by families of varying religious backgrounds who argue that the mandate violates the Establishment Clause of the First Amendment. The plaintiffs include agnostic, atheist, Jewish, supposedly Christian, Hindu, and Baha’i families, all asserting that the state cannot compel their children to encounter devotional religious texts in a public-school setting.

In his ruling, Judge Garcia wrote that implementing the law would make it “impractical, if not impossible to prevent Plaintiffs from being subjected to unwelcome religious displays,” emphasizing that the families do not want their children pressured “to observe, venerate, or adopt the religious doctrine contained in the Ten Commandments.” The American Civil Liberties Union of Texas, which helped bring the lawsuit, praised the injunction as a crucial safeguard. Daniel Mach, director of the ACLU’s Program on Freedom of Religion and Belief, stated, “Once again, a federal court has recognized that the Constitution bars public schools from forcing religious scripture on students.” The organization called the decision a “win for religious freedom.”

Texas Attorney General Ken Paxton (R), defending the statute signed by Governor Greg Abbott (R) in June, sharply criticized districts that chose not to comply pending litigation. Paxton said he has already filed suits against those districts, warning that “No district may ignore Texas law without consequence” and accusing them of “blatantly disregarding the will of Texas voters.”

The dispute arrives amid intensifying nationwide debates over religious expression in public institutions. Louisiana recently attempted to implement a similar mandate requiring every public-school classroom, from kindergarten through university, to display the Ten Commandments in a large, standardized format. That law was halted after a federal court found it unconstitutional, highlighting the ongoing legal friction surrounding efforts to place biblical texts into government-run schools.

In other instances, schools have faced pressure to remove Christian imagery or murals following complaints about religious endorsement, fueling ongoing disputes over where to draw the line between individual expression and government promotion of faith.

At the national level, religious liberty has also become a renewed political focus. In 2025, President Donald J. Trump established a Religious Liberty Commission tasked with examining threats to Americans’ ability to practice their faith freely.

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READ: Dissenting Judge Goes Nuclear in Texas Redistricting Case.

PULSE POINTS

WHAT HAPPENED: U.S. Circuit Court Judge Jerry Smith has posted his dissent in Tuesday’s federal case, which saw a three-judge panel halt Texas from implementing its newly approved congressional map for the 2026 midterm elections.

👤WHO WAS INVOLVED: U.S. Circuit Court Judges Jerry Smith and Jeffrey Brown, plaintiffs, and the State of Texas.

📍WHEN & WHERE: The ruling against Texas came down on Tuesday, with Judge Smith’s dissent posted online on Wednesday, November 19, 2025.

💬KEY QUOTE: “The main winners from Judge Brown’s opinion are George Soros and Gavin Newsom. The obvious losers are the People of Texas and the Rule of Law. I dissent.”

🎯IMPACT: While Judge Smith’s dissent will have little immediate impact, a number of the issues raised in the document could form the basis of the opinion being overturned by the U.S. Supreme Court.

IN FULL

U.S. Circuit Court Judge Jerry Smith has posted his dissent in Tuesday’s federal case, which saw a three-judge panel halt Texas from implementing its newly approved congressional map for the 2026 midterm elections. The majority, led by Trump-appointee Judge Jeffrey Brown, found supposedly compelling evidence that the redrawn districts amount to racial gerrymandering.

However, in his dissent, fellow appellate judge Jerry Smith takes Brown and his colleagues to task over their ruling and their reliance on testimony from supposed experts who are allegedly bought and paid for by George and Alex Soros. “I append this Preliminary Statement to dispel any suspicion that I’m responsible for any delay in issuing the preliminary injunction or that I am or saw slow-walking the ruling. I also need to highlight the pernicious judicial misbehavior of U.S. District Judge Jeffrey Vincent Brown.” Judge Smith begins his dissent, before plunging headlong into a 160-plus page scathing critique of both the panel’s jurisprudence and Judge Brown’s behavior.

“The main winners from Judge Brown’s opinion are George Soros and Gavin Newsom. The obvious losers are the People of Texas and the Rule of Law. I dissent,” the conservative appellate judge writes, continuing: “One of the plaintiffs’ top experts is Matt Barreto. He is a paid Soros operative and does not attempt to hide it. His CV confirms it. He expects to receive $2.5 million from George and Alexander Soros.” Judge Smith adds, “Soros has been pumping money into Barreto’s UCLA Voting Rights Project for years. And this steady supply of money won’t stop until 2026, at the earliest. Unsurprisingly, Barreto has been on quite a road show for years, parading across the country opposing Republican redistricting. That is the tip of the iceberg. The lawyers are involved as well.”

“To his credit, the lead counsel for plaintiffs does not try to hide it, either. Chad Dunn acknowledged so in open court—he works with Barreto at the same Voting Rights Project that receives Soros funding,” Judge Smith notes, before moving on to Mark Elias’s involvement: “It does not stop there. The Elias Law Group draws from the Soros coffers, too. Counsel for the instant Gonzales plaintiffs, David Fox, is a partner at Elias, which ‘has collected more than $104 million’ from Democrat Party committees and donors, including Mr. Soros. Firm Chair Marc Elias formed entities, ‘tucked inside large existing nonprofits,” that “raised tens of millions of dollars from some of the richest donors on the left—including from foundations funded by Mr. Soros.'”

“On a silver platter, Judge Brown hands Soros a victory at the expense of the People of Texas and the Rule of Law. Judge Brown won’t tell you that. I just did,” Judge Smith states. The entire dissent is worth reading, albeit it is, as Judge Smith admits, very long.

Image by Karin Bolovtsova.

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Islamic Non-Profit Funded University Gaza Camp Protesters: Report.

PULSE POINTS

WHAT HAPPENED: A Muslim nonprofit awarded $1,000 checks to student activists disciplined for anti-Israel protests, as part of a fund that raised over $100,000 to support such individuals.

👤WHO WAS INVOLVED: The California chapter of the Council on American-Islamic Relations (CAIR-CA), student activists, and organizations like the Tides Foundation and Weingart Foundation.

📍WHEN & WHERE: The fund awarded $20,000 to students in October 2024, with incidents spanning multiple universities like Columbia, Penn, and Harvard.

💬KEY QUOTE: “CAIR’s financial support for disciplined protesters creates a reward structure for increasingly militant activism.” – Network Contagion Research Institute

🎯IMPACT: CAIR faces federal and state scrutiny, with calls for investigations into its ties to Hamas and the Muslim Brotherhood, and recent actions by Texas Governor Greg Abbott (R) designating CAIR as a foreign terrorist organization.

IN FULL

The California chapter of the Council on American-Islamic Relations (CAIR-CA) has been thrust into renewed controversy after reports that it created a “Champions of Justice Fund” that collected more than $100,000 to support students disciplined for participating in anti-Israel protests. The Network Contagion Research Institute (NCRI) and the Intelligent Advocacy Network (IAN) state that the fund was designed to assist students who lost housing, scholarships, or university backing as a result of their activism.

In October 2024, $20,000 was distributed to 20 students from institutions including Columbia, the University of Pennsylvania, and Harvard. Among the highlighted beneficiaries was former Harvard student Ibrahim Bharmal, who had been convicted of assaulting a Jewish peer during a 2023 protest. Following the incident, Bharmal secured a $65,000 fellowship and later joined CAIR’s Los Angeles office.

NCRI argued that the organization’s financial support for sanctioned protesters “creates a reward structure” that could encourage more radical activism. At the same time, CAIR-CA has faced federal and state inquiries into alleged financial irregularities, compounding longstanding criticism directed at CAIR for its historical ties to Hamas. During the Holy Land Foundation trial, the group was listed as an unindicted co-conspirator, and prosecutors presented evidence linking CAIR’s early leadership to Hamas-connected networks.

The organization’s national leadership drew further scrutiny in November 2023 when CAIR Executive Director Nihad Awad publicly praised Hamas’s October 7 assault on Israel, in which more than 1,200 people, nearly all civilians, were killed. The remarks prompted the former Biden regime to cut off formal engagement with CAIR. Despite intensifying criticism, CAIR honored Columbia activist Mahmoud Khalil as its 2025 “Champion of Justice,” even as critics accused him of involvement in Hamas-aligned activity.

Political pressure on CAIR escalated in Texas on November 18, 2025, when Governor Greg Abbott (R-TX) designated both CAIR and the Muslim Brotherhood as foreign terrorist organizations and transnational criminal groups, barring them from purchasing land in the state. National Republicans have also targeted the organization: Rep. Chip Roy (R-TX) introduced legislation aimed at revoking the tax-exempt status of groups he says have ties to extremist movements, specifically naming CAIR, and Sen. Tom Cotton (R-AR) has urged the IRS to investigate the group for potential violations related to alleged connections with Hamas and the Muslim Brotherhood.

CAIR’s growing influence in electoral politics has also drawn attention. Activist Linda Sarsour claimed that a CAIR-funded political committee, the Unity and Justice Fund PAC, was the largest institutional contributor to a super PAC supporting New York mayoral candidate Zohran Mamdani, asserting that more than 80 percent of its donors were Muslim Americans.

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Trump Close to Replacing Fed Chairman Powell: ‘I’d Love to Fire His Ass.’

PULSE POINTS

WHAT HAPPENED: President Donald J. Trump criticized Federal Reserve Chairman Jerome Powell for not lowering interest rates more quickly and suggested replacing him.

👤WHO WAS INVOLVED: President Trump, Jerome Powell, and Treasury Secretary Scott Bessent.

📍WHEN & WHERE: Wednesday, at a Saudi Arabia-backed investment forum held at the Kennedy Center in Washington, D.C.

💬KEY QUOTE: “I’ll be honest, I’d love to fire his ass.” – Donald Trump

🎯IMPACT: Trump is accelerating the search for a new Federal Reserve chairman, with finalists expected to meet him after Thanksgiving.

IN FULL

U.S. President Donald J. Trump on Wednesday renewed his criticism of Federal Reserve Chairman Jerome Powell, accusing him of not lowering interest rates quickly enough. Speaking at a Saudi Arabia-backed investment forum at the Kennedy Center in Washington, Trump expressed frustration with Powell’s policies.

“I’ll be honest, I’d love to fire his ass,” Trump said, adding that he has instructed Treasury Secretary Scott Bessent to expedite the search for Powell’s replacement. Bessent, who was present at the event, has been tasked with identifying a successor for the Federal Reserve chairman.

Trump directed a pointed remark at Bessent during his speech, saying, “The rates are too high, Scott, and if you don’t get it fixed fast, I’m going to fire your ass,” though the comment was made in jest. Trump has frequently voiced dissatisfaction with Powell’s handling of interest rates.

Concerningly, the Federal Reserve’s Federal Open Market Committee (FOMC) appears to be deeply divided on whether to cut rates again in December, despite market consensus having settled on the need for additional rate cuts. The odds of a rate cut have precipitously fallen for next month, adding to already mounting fears that the market is struggling with liquidity.

Bessent, leading the search for a new Federal Reserve chairman, recently said Trump is expected to meet with three finalists for the position after Thanksgiving. A decision is anticipated before Christmas, according to Bessent.

While Trump has praised Bessent’s performance as Treasury Secretary, he has also suggested that Bessent would be his preferred choice for the Federal Reserve role. However, Bessent has reportedly expressed a desire to remain focused on his current responsibilities at the Treasury and the Internal Revenue Service (IRS).

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