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WASHINGTON, DC - OCTOBER 29: Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC. For the second straight month, Powell announced a quarter-point cut to the federal funds rate, bringing rates down to a new range of 3.75 percent to 4 percent. (Photo by Alex Wong/Getty Images)

Fed cuts interest rates to lowest level in 3 years

The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.

When it comes to false claims about AI, we are stuck in the Wild West

By Adonis Hoffman
August 5, 2025

(Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)

(Background) U.S. Treasury Secretary Scott Bessent speaks to reporters outside the West Wing of the White House on April 09, 2025 in Washington, DC. President Trump announced today a 90-day pause on the full effect of his new tariffs for dozens of countries except China, which he raised to 125% “effective immediately”. (Photo by Anna Moneymaker/Getty Images) / (R) WASHINGTON, DC - JULY 22: Federal Reserve Chairman Jerome Powell delivers opening remarks at the Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve on July 22, 2025 in Washington, DC. Rep. Anna Paulina Luna (R-FL) is referring Powell to the Department of Justice (DOJ) for criminal charges, accusing him of two specific instances of perjury. The accusations come as Trump allies continue to call for Powell’s removal before his term expires in 2026. (Photo by Andrew Harnik/Getty Images)

Bessent reiterates Trump doesn’t plan to fire Fed. Chair Powell: ‘He’s said that on numerous occasions’

Treasury Secretary Scott Bessent recently maintained that President Donald Trump has no intention of firing Federal Reserve Chair Jerome Powell—in light of previous statements made by Trump where he suggested that he wishes the fed chair would resign.

A $100-dollar bill is seen on top of Euro bills in Bogota, on July 12, 2022. The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone. (Photo by DANIEL MUNOZ / AFP) (Photo by DANIEL MUNOZ/AFP via Getty Images)

EU Caves To Trump, Calling For A ‘Zero-For-Zero’ Tariff Resolution: ‘We Stand Ready To Negotiate’

The European Union (EU) has seemingly conceded to President Donald Trump’s demands following his introduction of retaliatory tariffs — offering a “zero-for-zero” tariff resolution on all industrial goods.

NEW YORK, NEW YORK - JUNE 07: A "Now Hiring" sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. A jobs report for the month of May released by Labor Department showed that the U.S. added employers added 272,000 nonagricultural jobs and also reported that the unemployment rate rose to 4 percent for the first time in more than two years. (Photo by Michael M. Santiago/Getty Images)

March Jobs Report Beats Expectations With 228K New Positions

The latest jobs report for the month of March came in higher than expected as the Trump administration has applauded the newest numbers.

US President Donald Trump holds the $5 million dollar Gold Card as he speaks to reporters while in flight on board Air Force One, en route to Miami, Florida on April 3, 2025. Trump is travelling to the Trump National Doral Golf Club before going to his Mar-a-Lago Resort. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Trump Unveils Design Of New $5M ‘Gold Cards,’ Opening New Pathway For Affluent Migrants To Obtain U.S. Citizenship

President Donald Trump unveiled the design of his brand new $5 million “gold cards,” giving affluent foreigners the right to live or work in the U.S. while offering a path to citizenship — in exchange for a $5 million fee.