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Hi, neil. We heard from jay powell earlier today. He reacted for the first time about the headlines that came out of the white house yesterday in which the white house early they are year looked into the possibility of potentially demoting the fed chair. Yesterday the white house didnt deny that they looked into that earlier this year. When President Trump was asked whether or not he wants to demote powell, he responded in part by saying, well, lets see what he does. The fed did not cut rates today. At his press conference this afternoon, powell suggested that he feels very safe in his current role. I think the law is clear that i have a fouryear term. I fully intend to serve it. In the lead up to the latest fed meeting, the president continued his attacks on powell and the fed for not cutting rates. The fed said one rate cut is to happen between now and the next election by the end of next year. The futures market is pricing in ....
The two largest opposition parties, the MFP and Pheu Thai, reached a compromise by nominating Wan Muhamad Noor Matha as Speaker of the DPR. However, this is not enough to prove the solidity of the opposition party alliance. ....
The Progressive Movement's leader, Thanathorn Juangroongruangkit, recently floated the idea of abolishing local administrative positions, which are appointed by the Interior Ministry, as their authorities overlap with those of members of local administrative bodies, which are elected by the people. ....