Trump Dominates G7 Summit with Controversial Statements

President Trump on Wednesday defended letting Iran maintain its large arsenal of ballistic missiles when discussing the emerging deal with Iran to reopen the Strait of Hormuz. The president said during the G7 press conference in France that the U.S. will be working with Gulf allies in addressing iss

President Trump said Wednesday that oil reserves could have run out in four weeks if the Strait of Hormuz were not opened. “We run out of reserves at about four weeks,” Trump said in France while at the Group of Seven summit, discussing the recent memorandum of understanding with Iran. “You know, th

President Trump elicited laughter from leaders at the Group of Seven (G7) summit in France when he walked into a meeting on Wednesday morning and declared, “I’m the boss.” The U.S. president has been meeting with the heads of France, Canada, Italy, Japan, the United Kingdom and Germany this week as

The Federal Reserve held interest rates steady Wednesday at Chair Kevin Warsh’s first rate-setting meeting since taking the reins of the central bank. In a unanimous decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. Wa