resign

State of emergency to be declared in capital as protests that led to last week’s ouster of former president intensify.

Peru’s new president, Jose Jeri, is refusing to resign amid Gen Z antigovernment protests, inflamed by the death of a popular rapper, as crime grips the nation.

The government said late on Thursday that a state of emergency would be declared in the capital, Lima, as the prosecutor’s office announced it was investigating the previous day’s killing of 32-year-old protester and hip-hop singer Eduardo Ruiz in a mass demonstration.

Peru’s police chief, General Oscar Arriola, said that Luis Magallanes, a member of the force, was believed to have fired the bullet and had subsequently been detained and dismissed from his job. Arriola added that Magallanes was being treated in hospital after being physically assaulted.

Ruiz was the first person to die in the protests, which began a month ago with calls for better pensions and wages for young people and later became a lightning rod for broader frustrations with crime and corruption, culminating in the ouster of former President Dina Boluarte last week.

On Wednesday, thousands massed around the country, with hundreds clashing with police outside Congress in Lima, as they called on recently appointed Jeri, the seventh president in less than a decade, to resign.

“My responsibility is to maintain the stability of the country; that is my responsibility and my commitment,” Jeri told the local media after visiting Peru’s parliament, where he said he would request powers to combat crime.

Jeri expressed regret over Ruiz’s death in a post on X, saying the death would be “objectively” investigated. He blamed violence on “delinquents who infiltrated a peaceful demonstration to sow chaos”.

“The full force of the law will be on them,” he wrote.

Reporting from Lima, Al Jazeera’s Mariana Sanchez said that Ruiz’s death had “added another layer to the ongoing political crisis” in the country and had “angered even more Peruvians who are frustrated with the corruption, with the insecurity in the country”.

“He was peacefully hanging out with his friends. Unfortunately, the bullet hit his chest. We want justice for him,” activist Milagros Samillan told Al Jazeera.

The prosecutor’s office wrote on X that it had ordered the removal of Ruíz’s body from a Lima hospital and the “collection of audiovisual and ballistic evidence in the area where the incident occurred, in the context of serious human rights violations”.

Newly appointed interior minister, Vicente Tiburcio, said that 89 police and 22 civilians had been injured during Wednesday’s protest and 11 people were detained.

Health experts said Kennedy’s ‘repeated efforts to undermine science and public health’ have left Americans ‘less safe’.

More than 20 health groups and medical associations have called on Robert F Kennedy Jr to step down as the United States’ health secretary, accusing him of putting lives at risk by disregarding decades of lifesaving science and reversing medical progress.

In a joint statement published on Wednesday, the groups – including the Infectious Diseases Society of America, the American Public Health Association, and the American Association of Immunologists – said Kennedy is forcing Centers for Disease Control and Prevention (CDC) experts to “turn their back on decades of sound science” to further his agenda.

The groups also accused Kennedy of “repeated efforts to undermine science and public health”, leaving Americans “less safe in a multitude of ways”.

“Our country needs leadership that will promote open, honest dialogue, not disregard decades of lifesaving science, spread misinformation, reverse medical progress and decimate programs that keep us safe,” the statement said.

“We are gravely concerned that American people will needlessly suffer and die as a result of policies that turn away from sound interventions,” it added.

The letter comes after multiple former CDC directors said last week that Kennedy’s decisions are putting Americans’ health at risk, after he fired the agency’s director, Susan Monarez, less than a month after she was sworn in.

White House Deputy Press Secretary Kush Desai said Monarez was not “aligned with” President Donald Trump’s agenda and refused to resign, so the White House terminated her.

Monarez’s lawyers said she had been targeted as she “refused to rubber-stamp unscientific, reckless directives and fire dedicated health experts”.

Her departure coincided with the resignations of at least four other top CDC officials in response to Kennedy’s influence over the agency.

In a social media post on Wednesday, Kennedy said his mission was “to restore the CDC’s focus on infectious disease” and “rebuild trust through transparency and competence”.

Kennedy – who has long been accused of spreading anti-vaccine misinformation – has made sweeping changes to US vaccine policies since being appointed by Trump, causing friction with health officials.

In May, he withdrew federal recommendations for COVID shots for pregnant women and healthy children. In June, he also fired all members of the CDC’s expert vaccine advisory panel and replaced them with hand-picked advisers, including fellow anti-vaccine activists.

In August, he then cancelled nearly $500m in funding for mRNA vaccine research in a move health experts said could make the US much more vulnerable to future outbreaks of respiratory viruses.

Kennedy said the US will shift mRNA funding to other vaccine development technologies that are “safer” and “remain effective”.

The International Vaccine Access Center at Johns Hopkins Bloomberg School of Public Health credits mRNA vaccines with preventing millions of deaths from COVID-19, saying the innovative technology has the potential to treat diseases such as cancer and HIV.

Most recently, on August 20, hundreds of federal health employees wrote to Kennedy imploring him to “stop spreading inaccurate health information” and for him to either resign or be fired.

Signatories accused Kennedy of “sowing public mistrust by questioning the integrity and morality” of the CDC’s workforce, including by calling the public health agency a “cesspool of corruption”.

Aug. 27 (UPI) — The director of the Centers for Disease Control and Prevention left after less than one month on the job, and four top officials with the agencies resigned.

Susan Monarez, 50, the first non-physician to lead the agency in more than 50 years, was confirmed by the U.S. Senate on July 29 in a 51-47 vote and sworn in on July 31. She served as acting director when Donald Trump became president again on Jan. 20 and was nominated for the top job on March 24. Dave Weldon‘s nomination was withdrawn because of the former U.S. House member’s questioning of vaccine safety.

For two years, she was deputy director of the Advanced Research Projects Agency for Health, where she applied artificial intelligence and machine learning to health matters.

“Susan Monarez is no longer director of the Centers for Disease Control and Prevention,” a post on the Department of Health and Human Services’ X account said. “We thank her for her dedicated service to the American people.”

The post also said Health and Human Services Secretary Robert F. Kennedy has “full confidence in his team at @CDCgov who will continue to be vigilant in protecting Americans against infectious diseases at home and abroad.”

NBC reported four other top CDC officials submitted their resignations: Dr. Debra Houry, the CDC’s chief medical officer; Dr. Demetre Daskalakis, director of the National Center for Immunization and Respiratory Diseases; Dr. Daniel Jernigan, the director of the National Center for Emerging and Zoonotic Infectious Diseases; and Dr. Jen Layden, director of the Office of Public Health Data, Surveillance and Technology.

The CDC, which is part of HHS, had 12,820 employees in September 2024, but the numbers have thinned, including 600 terminated earlier this month. In March, HHS announced plans to cut 2,400 positions.

Monarez received three degrees at the University of Wisconsin: Bachelor of Science, Master of Science and a doctorate.

Just eight days after being sworn in, Monarez was thrust into a tragic situation.

On Aug. 8, a gunman shot at six buildings of the CDC’s headquarters in Atlanta, and one police officer died. The gunman, who died at the scene, had said the COVID-19 vaccine made him sick and blamed the CDC,

Members of the CDC union want lies about the COVID-19 shot’s safety to be strongly debunked.

“We know that misinformation can be dangerous,” Monarez said during a meeting, according to a transcript obtained by NBC News. “Not only to health, but to those that trust us and those we want to trust. We need to rebuild the trust together.”

She was supposed to convene a meeting with CDC staff on Monday about safety concerns and security enhancements.

“Unfortunately, we need to postpone Monday’s event for an HHS meeting that I have been asked to attend in person in DC,” Monarez wrote in an email to CDC staff seen by NBC News.

Sources told The New York Times that Monarez objected to Kennedy replacing all members of the CDC advisory committee on vaccines. He distanced the entire committee of all 17 members, and on June 11 named eight people, including prominent vaccine skeptics and pandemic response critics.

The Advisory Committee on Immunization Practices normally includes pediatricians, geriatricians and other vaccine experts but the new panel includes a psychiatrist, neuroscientist, epidemiologist and biostatistician, and professor of operations management.

The CDC recommends the updated 2024-2025 COVID-19 vaccine for everyone 6 months and older based on age, vaccination history and immune status. Patients and their families are urged to consult with their physician.

Earlier Wednesday, the Food and Drug Administration approved the latest round of COVID-19 vaccines, but new limits were set on which Americans can get them. The agency ended its authorization for the broad use of COVID-19 shots, clearing them only for patients at higher risk of severe illness, and those age 65 and older — or younger adults with at least one underlying health condition who would qualify.

Last week, HHS confirmed Retsef Levia, a vocal COVID-19 vaccine opponent, was appointed to lead a CDC subcommittee reviewing safety of the shots.

On Aug. 5, Kennedy announced HHS will terminate 22 contracts worth $500 million to develop vaccines for respiratory viruses using mRNA technology, including COVID-19 shots, after officials determined the “technology poses more risks than benefits for these respiratory viruses.”

Aug. 26 (UPI) — Federal Reserve Governor Lisa Cook has declared that not only won’t she resign after President Donald Trump fired her, but will sue him for trying.

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said in a statement Tuesday. “I will not resign.”

“I will continue to carry out my duties to help the American economy as I have been doing since 2022,” she concluded.

Trump sent her a letter Monday that stated “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.”

Section 10 of the Federal Reserve Act does state a Fed governor can be “removed for cause by the President.”

Trump listed a criminal referral the Justice Department received from U.S. Director of Federal Housing Bill Pulte as his cause, which he alleged to have evidence Cook committed mortgage fraud.

Pulte, who has made several accusations against Cook over more than a week, posted a statement Monday from the U.S. Federal Housing Department.

“Thank you President Trump for your commitment to stopping mortgage fraud and following the law,” Pulte wrote to X. “If you commit mortgage fraud in America, we will come after you, no matter who you are.”

However, no charges have been levied against Cook of any sort.

Cook has since retained the services of attorney Abbe Lowell.

“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” he said in a statement Tuesday.

“His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis,” Lowell added. “We will be filing a lawsuit challenging this illegal action.”

Two of the seven current Fed governors are prior Trump appointees, and as now-former Fed Governor Adriana Kugler resigned earlier this month, Trump can appoint someone of his choice to fill her seat. Should Trump succeed in terminating the Biden-appointed Cook or should she resign, he could also replace her with an appointee of his choice, which would shift the board to a majority of governors who share his economic positions.

The resignation calls intensify Trump’s attempts to yield influence over the central bank.

United States President Donald Trump has called on Federal Reserve Governor Lisa Cook to resign, intensifying his effort to gain influence over the central bank on the basis of allegations made by one of his allies about mortgages Cook holds in Michigan and Georgia.

US Federal Housing Finance Agency Director Bill Pulte alleged in a post on X earlier on Wednesday that Cook had designated a condo in Atlanta as her primary residence after taking a loan on her home in Michigan, which she also declared as a primary residence.

Loans for a primary residence can carry easier terms than for second homes or investment properties. Pulte said the loans date to mid-2021, before Cook was appointed to the Fed by former President Joe Biden and confirmed by the Senate the following year. She is a native of Georgia and, at the time, was an economics professor at Michigan State University.

Pulte asked Attorney General Pam Bondi to investigate, and Trump quickly amplified the allegation. The Department of Justice was taking the matter very seriously, a department official told Reuters.

“We’re also probing some property that she has in Massachusetts to see if there’s something there. But I don’t have anything yet on that,” Pulte said in an interview on CNBC.

Cook’s federally filed financial disclosure documents show three mortgages taken out in 2021, including a 15-year 2.5 percent loan on an investment property and two loans for personal residences, including a 30-year 3.25 percent mortgage and a 15-year 2.875 percent mortgage. The weekly average rate for 30-year loans during 2021 ranged between 2.9 percent and 3.3 percent, Mortgage Bankers Association data shows. Cook started at the Fed in 2022 and was reappointed to a 14-year term in 2023.

Spokespersons for the Fed and for Cook did not immediately respond to a request for comment.

“Cook must resign, now!!!” Trump wrote in a post on his social media platform, his latest remarks aimed at reshaping the makeup of the US central bank, a body designed to set benchmark interest rates independent of White House influence.

Trump has told aides he is considering attempting to fire Cook, according to the Wall Street Journal, which cited a senior White House official and another person familiar with the matter.

White House at odds with the central bank

Cook is one of three Biden appointees to the Fed whose term extends beyond Trump’s time in office, complicating the president’s efforts to get more control by appointing a majority of its seven-member board.

Currently, two of the Fed’s remaining six board members were appointed by Trump: Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman.

Trump has repeatedly blasted Fed Chair Jerome Powell over benchmark rates that he wants sharply reduced, calling for his resignation while acknowledging that the Fed’s unique status in US governance prevents him from firing Fed board members over monetary policy disputes.

Trump can name a new chair when Powell’s term ends in May, but claiming a majority on the board may take more time. Powell could continue serving as a governor until 2028, near the end of Trump’s term, should he buck convention and continue sitting on the board under a new chair.

Until Powell’s departure, Trump at this point has only one other seat to fill, vacated recently by the surprise resignation of former Governor Adriana Kugler. Earlier this month, Trump nominated Council of Economic Advisers Chairman Stephen Miran to serve out the rest of her term.

By&nbspAP with Eleanor Butler

Published on
08/08/2025 – 9:20 GMT+2

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Intel shares slumped on Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needed to resign.

“The CEO of Intel is highly conflicted and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!”

Trump made the post after Senator Tom Cotton sent a letter to Intel Chairman Frank Yeary, expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People’s Liberation Army. Cotton asked the board whether Tan had divested his interests in these companies to eliminate any conflicts of interest.

It’s not immediately clear if Tan, who took over as Intel’s CEO in March, has done so.

In a statement, Intel said it was “deeply committed to advancing US national and economic security interests”. The firm said it was making “significant investments aligned with the President’s America First agenda”.

Cotton’s allegations

“In March 2025, Intel appointed Lip-Bu Tan as its new CEO,” Cotton wrote in the letter. “Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People’s Liberation Army.”

Cotton specifically called out Tan’s recent leadership of Cadence Design Systems in the letter. According to the US Department of Justice, Cadence, agreed in July to plead guilty to resolve charges that it violated export controls rules to sell hardware and software to China’s National University of Defense Technology, which is linked to the Chinese military.

Tan was the CEO of Cadence when the company violated the rules between 2015 and 2021.

The US Department of Commerce’s Bureau of Industry and Security also fined Cadence $95 million for the same breaches, saying Cadence admitted that “employees of its Chinese subsidiary knowingly transferred sensitive US technology to entities that develop supercomputers in support of China’s military modernisation and nuclear weapons programs.”

Cadence did not immediately respond to AP requests.

The digital race

Tan previously launched the venture capital firm Walden International in 1987 to focus on funding tech start-ups, including chip makers.

China’s state media has described Tan as “actively” devoted to Chinese and Asian markets, having invested not only in the Taiwan Semiconductor Manufacturing Company, but also China’s state-owned enterprise SMIC, which seeks to advance China’s chipmaking capabilities.

The demands made by Trump and Cotton come as economic and political rivalries between the US and China increasingly focus on the competition over chips, AI and other digital technologies that experts say will shape future economies and military conflicts.

Cotton, the chairman of the Senate Intelligence Committee, has raised concerns that Chinese spies could be working at tech companies and defence contractors, using their positions to steal secrets or plant digital backdoors that give China access to classified systems and networks.

On Thursday the Arkansas Republican wrote to the Department of Defense, urging Defense Secretary Pete Hegseth to ban all non-US citizens from jobs allowing them to access DoD networks. He has also demanded an investigation into Chinese citizens working for defence contractors.

“The US government recognises that China’s cyber capabilities pose one of the most aggressive and dangerous threats to the United States, as evidenced by infiltration of our critical infrastructure, telecommunications networks, and supply chains,” Cotton wrote in an earlier letter, calling on the Pentagon to conduct the investigation.

National security officials have linked China’s government to hacking campaigns targeting prominent Americans and critical US systems.

“US companies who receive government grants should be responsible stewards of taxpayer dollars and adhere to strict security regulations,” Cotton wrote on the social platform X.

Playing catch-up

Intel had been a beneficiary of the Biden administration’s CHIPS Act, receiving more than $8 billion (€6.9bn) in federal funding to build computer chip plants around the country.

Shares of the California company slid 3.5%, while markets, particularly the tech-heavy Nasdaq, gained ground.

Founded in 1968 at the start of the PC revolution, Intel missed the technological shift to mobile computing triggered by Apple’s 2007 release of the iPhone, and it has lagged behind more nimble chipmakers. Intel’s troubles have been magnified since the advent of artificial intelligence — a booming field where the chips made by once-smaller rival Nvidia have become tech’s hottest commodity.

Intel is shedding thousands of workers and cutting expenses, including some domestic semiconductor manufacturing capabilities, as Tan tries to revive the fortunes of the struggling chipmaker.

United States President Donald Trump has fired off a social media message calling on the head of the US technology firm Intel to resign from his post as chief executive officer.

Trump’s decision to denounce Intel CEO Lip-Bu Tan on Thursday morning sent the company’s stocks tumbling, amid the uncertainty about the future of its leadership.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote. “There is no other solution to this problem. Thank you for your attention to this problem!”

Trump’s post appeared to be a response to reports that Tan has invested nearly $200m in Chinese technology manufacturing and chip firms, including some with links to the country’s military.

But the president’s social media message also raises concerns about his apparent willingness to get involved in the affairs of private companies, even calling for dramatic changes in leadership and direction.

Scrutiny on Tan’s ties to China

Tan, a longtime technology investor, is relatively new to his post. He was appointed as Intel’s CEO on March 12, and he also serves on the company’s board of directors.

Previously, Tan served in leadership positions at the software company Cadence Design Systems, and he was a founding partner for the venture capital firm Walden Catalyst Ventures.

His personal investments — and the investments of the venture funds he manages — caught the public’s attention shortly after his appointment at Intel, though.

In April, the news agency Reuters reported that, between March 2012 and December 2024, Tan invested in Chinese firms that create technology for the People’s Liberation Army, China’s armed forces.

For some US politicians, that raised a conflict of interest.

On Wednesday, for instance, Republican Senator Tom Cotton of Arkansas posted a letter on social media written to the chairman of Intel’s board of directors, Frank Yeary.

In it, he demanded more information about Tan’s hiring and his investments in China.

Cotton pointed out that, on July 28, Cadence Design Systems agreed to plead guilty to federal charges concerning the sale of technology and intellectual property to China’s National University of Defense Technology.

That plea deal resulted in criminal and civil penalties of more than $140m.

“I write to express concern about the security and integrity of Intel’s operations and its potential impact on US national security,” Cotton wrote in his letter to Yeary.

“Mr Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People’s Liberation Army.”

In an accompanying message to his social media followers, Cotton added that Intel “owes Congress an explanation”. Intel and Tan have yet to respond to the concerns.

Trump pushes ‘America First’ plan

For years, the US and China have been locked in tense competition for economic and political dominance, and the US has repeatedly accused China of attempting to poach American innovation and spy on its technology firms.

China, meanwhile, has denied such allegations, describing them as part of a US smear campaign.

Founded in 1968, Intel has long been a flagship US technology firm, known for producing computer parts like microprocessors. But in recent decades, the company has struggled to keep pace with its competitors, particularly as artificial intelligence (AI) has transformed Silicon Valley, Intel’s longtime home.

Trump, however, has sought to bolster domestic manufacturing with his “America First” economic agenda, which leverages tariffs to discourage the import of products from abroad.

On Tuesday, the Republican leader even said he planned to impose 100-percent tariffs on foreign chips and semiconductors sold in the US.

But Trump has faced criticism for testing the boundaries of his executive power — and, in some cases, seeking to impose his will on the running of private companies.

Since taking office for a second term, for instance, Trump has withheld federal funds from private universities in order to extract guarantees that those institutions would eliminate their diversity initiatives and implement disciplinary reforms, among other demands.

In an interview with Reuters, analysts appeared split over whether Trump was overplaying his hand.

“Many investors likely believe that President Trump has his hand in too many cookie jars, it’s just another signal that he’s very serious about trying to bring business back to the US,” said David Wagner, the head of equity and a portfolio manager at Aptus Capital Advisors, which has invested in Intel.

Meanwhile, Phil Blancato, the CEO of Ladenburg Thalmann Asset Management, told Reuters that Trump ousting Tan could have a chilling effect on US business.

“It would be setting a very unfortunate precedent,” Blancato said. “You don’t want American presidents dictating who runs companies, but certainly his opinion has merit and weight.”

It is unclear how Trump’s pressure campaign against Tan may affect Intel’s future.

Last year, Intel received $8bn in subsidies under the 2022 CHIPS and Science Act, to build further chip manufacturing plants in the US.

Aug. 7 (UPI) — President Donald Trump called for Lip-Bu Tan, the chief executive officer of the Intel technology company to step down Thursday.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump posted to his Truth Social account. “There is no other solution to this problem.”

Although Trump hasn’t clearly explained the reason behind his declaration, Sen. Tom Cotton, R-Ark., did pen a letter Tuesday to Intel’s Chairperson Frank Yeary in regard to Intel Tan, who was appointed in March.

“I write to express concern about the security and integrity of Intel’s operations and its potential impact on U.S. national security,” Cotton wrote. “Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms.”

Tan served as the CEO of Cadence Design Systems, a tech and software company, from 2009 to 2021, which was charged in July by the U.S. Department of Justice with conspiracy to commit export control violations. The charges are based on actions that occurred between February 2015 and April 2021.

Cadence has since pleaded guilty, and under a plea agreement will pay criminal penalties of around $118 million to resolve the charges, as well as more than $95 million in civil penalties.

Cotton noted in the letter that Tan was the CEO during the period of admitted criminal activity, and also that Intel was granted almost $8 billion under the CHIPS and Science Act, which funds the production of semiconductors.

“Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations,” Cotton further wrote. “Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”

Cotton then requested information regarding Intel’s knowledge of the investigation of Cadence and if Tan’s activities as Candence CEO were vetted, and if Tan was required to divest from any semiconductor firms with connections “to the Chinese Communist Party or the People’s Liberation Army and any other concerning entities in China that could pose a conflict of interest for Intel’s CEO.”

Intel stock opened down and continued to drop Thursday from an after-market high Wednesday of $20.99 to $19.70 at 10:55 a.m. EDT.

The US president has repeatedly called on the top central banker to step down amid disagreement over interest rates.

United States President Donald Trump has repeated his call for Federal Reserve Chair Jerome Powell to step down, the latest in a series of attacks that have raised concern about the independence of the US central bank.

Trump made the call for Powell to “resign immediately” on Wednesday after his administration’s top housing regulator urged the US Congress to launch an investigation into the central banker.

Bill Pulte, the director of the Federal Housing Finance Agency, said in a post on X that Powell should be investigated for his “political bias” and “deceptive testimony” about renovations at the Federal Reserve headquarters in Washington, DC.

In a Truth Social post responding to Pulte’s comments, Trump said “Too Late” – a nickname used to lambast Powell for not lowering rates faster – should resign.

Trump’s latest broadside comes days after he sent Powell a letter demanding that the central banker lower the benchmark interest rate, which is currently set at a range of 4.25 percent to 4.5 percent, by “a lot”.

The US president has repeatedly criticised Powell for not backing faster rate cuts, arguing that the central banker’s cautious stance is holding back economic growth and that concerns about inflation are overblown.

Lower interest rates reduce the cost of borrowing for businesses and consumers, helping boost economic growth.

But rate cuts also have the effect of increasing inflation, which central banks typically wish to keep low, and Trump’s sweeping tariffs are generally expected to put upward pressure on prices.

On Tuesday, Powell told a panel discussion at the European Central Bank Forum in Portugal that the central bank had taken a wait-and-see approach to rate cuts in order to gauge the impact of Trump’s tariffs, many of which are in limbo ahead of a July 9 deadline.

“In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said.

“We didn’t overreact. In fact, we didn’t react at all; we’re simply taking some time.”

Trump has repeatedly demanded that Powell, whose term does not expire until May 2026, step down or be removed since coming into office in January.

Last week, Trump told reporters that he would “love” for Powell to step down “if he wanted to”.

In April, Trump said that Powell’s “termination cannot come fast enough,” before backing off his threat after stocks and the US dollar dipped sharply.

Under US federal law, the US president is only permitted to fire the Fed chair “for cause”, a provision widely interpreted to mean specific misconduct, not policy decisions.

In May, the US Supreme Court reaffirmed precedent limiting the president’s ability to remove the top central banker in a ruling that singled out the Federal Reserve as having a distinct status compared with other independent agencies.

Trump earlier on Tuesday told reporters that he had “two or three” choices in mind to succeed Powell without elaborating on who is under consideration.

Acting Enforcement Director Cara Petersen has served with the United States agency since it was founded.

The top remaining enforcement official at the United States Consumer Financial Protection Bureau (CFPB) has tendered her resignation, saying the White House’s overhaul of the agency has made her position untenable.

Acting Enforcement Director Cara Petersen, who has served at the agency since its creation nearly 15 years ago, said that current leadership under US President Donald Trump “has no intention to enforce the law in any meaningful way”, according to an email first obtained by the Reuters news agency.

“I have served under every director and acting director in the bureau’s history and never before have I seen the ability to perform our core mission so under attack,” Petersen wrote in an email.

“It has been devastating to see the bureau’s enforcement function being dismantled through thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements that let wrongdoers off the hook.”

Petersen’s departure comes four months after the agency’s enforcement and supervision chiefs also resigned amid efforts by President Donald Trump to dismantle the CFPB.

An agency spokesperson and Petersen did not immediately respond to requests for comment. In addition to seeking to cut the CFPB’s workforce by about 90 percent, acting Director Russell Vought and chief legal officer Mark Paoletta have said they will slash agency enforcement and supervision and have dropped major CFPB enforcement cases en masse, including against Capital One and Walmart. The agency has even revised some cases already settled under the prior administration.

The dramatic changes come as Republicans have complained for years that the CFPB, created in the aftermath of the 2007-2009 global financial crisis, is too powerful and lacks oversight. Democrats and agency backers contend it plays a critical role in policing financial markets on behalf of consumers.

“While I wish you all the best, I worry for American consumers,” said Petersen in her email. A federal appeals court in Washington has yet to decide on the Trump administration’s effort to undo a court injunction blocking the agency from firing most agency staff.

Supporters of conservative Popular Party demand Prime Minister Pedro Sanchez step down amid corruption scandals.

Tens of thousands of people have taken part in an opposition-organised demonstration in Spain’s capital, Madrid, accusing the government of Socialist Prime Minister Pedro Sanchez of corruption and urging him to call early elections.

Protesters, many waving red and yellow Spanish flags, massed on Sunday in the Plaza de Espana, a large square in the centre of Madrid, and chanted, “Pedro Sanchez, resign!”

The conservative Popular Party (PP) called the rally after leaked audio recordings allegedly documented a member of the Socialist Workers’ Party, Leire Diez, waging a smear campaign against a police unit that investigated corruption allegations against Sanchez’s wife, brother, and his former transport minister and right-hand man Jose Luis Abalos.

Diez has denied the allegations, telling reporters on Wednesday that she was conducting research for a book and was not working on behalf of the party or Sanchez. She also resigned from Sanchez’s party.

PP leader Alberto Nunez Feijoo has accused the government of “mafia practices” over the affair and said Sanchez is “at the centre” of multiple corruption scandals.

Sanchez and his government have been embroiled in numerous scandals with perhaps the most significant being the “Koldo Case”, or “Masks Case”, which concerns corruption allegations in the awarding of public contracts for medical supplies, particularly masks, during the COVID-19 pandemic.

The case involves Abalos and his former adviser Koldo Garcia Izaguirre, the latter of whom is accused of using his influence to secure contracts for certain companies and receiving substantial commissions in return.

Sanchez considered stepping down in April 2024 after a Madrid court opened an investigation into his wife, Begona Gomez, on suspicion of influence peddling and business corruption.

The right-wing organisation Manos Limpias (Clean Hands) initially made the allegations against Gomez, who is accused of using her position to influence the awarding of government contracts and of irregularities in her professional activities.

‘Smear campaign’

Sanchez has dismissed the probes against members of his inner circle and family as part of a “smear campaign” carried out by the right wing to undermine his government.

But Feijoo urged Sanchez to call early elections and told the rally: “This government has stained everything – politics, state institutions, the separation of powers.”

The PP estimated that more than 100,000 people attended the rally, held under the slogan “Mafia or Democracy”, while the central government’s representative in Madrid put the turnout at 45,000 to 50,000.

“The expiry date on this government passed a long time ago. It’s getting tiring,” protester Blanca Requejo, a 46-year-old store manager who wore a Spanish flag draped over her back, told the AFP news agency.

Sanchez came to power in June 2018 after ousting his PP predecessor Mariano Rajoy in a no-confidence vote over a corruption scandal involving the conservative party.

Recent polls indicated the PP holds a slim lead in support over the Socialists. Spain’s next general election is expected in 2027.

A police officer killed as the country sees renewed deadly clashes in the aftermath of the killing of a militia commander.

Several ministers with Libya’s internationally recognised government have resigned in support of the protesters calling for Prime Minister Abdul Hamid Dbeibah to step down.

The government late on Friday said a police officer was killed in an “attempted assault” on the prime minister’s office as thousands of Libyans marched into squares and various areas in the capital, Tripoli.

“He was shot by unknown attackers and succumbed to his injuries,” a statement said, adding that members of a group who mixed with the protesters tried to set the office on fire using Molotov cocktails.

Economy and Trade Minister Mohamed al-Hawij, Local Government Minister Badr Eddin al-Tumi and Minister of Housing Abu Bakr al-Ghawi resigned, according to a video released by two of those ministers as well as local media reports.

The government had earlier on Friday denied reports of the ministers’ resignations.

Meanwhile, in the city of Misrata, protesters gathered in support of Dbeibah and his government.

The protests follow a wave of violence in Tripoli in the past week that led to the deaths of at least eight civilians. The deadly clashes started after powerful militia leader Abdelghani al-Kikli, also known as Gheniwa, was killed in an ambush at a military base.

Dbeibah attempted to consolidate power and assert control after the killing, with more clashes following later in the week.

Before the demonstrations, the United Nations Support Mission in Libya (UNSMIL) had emphasised “citizens’ right to peaceful protest” and warned against “any escalation of violence”.

Reporting from Tripoli, Al Jazeera’s Malik Traina said Libyans want to see a major change as people are “extremely frustrated” with the security situation.

“Libyans are calling for elections and want to be able to voice their opinion and put those that they want in power,” he said.

Egypt’s Ministry of Foreign Affairs said in a statement on Saturday that Cairo was closely monitoring developments in Libya, and urged all parties to exercise “maximum restraint”. It also advised Egyptian citizens in Libya to remain cautious and stay in their homes until the situation is clarified.

Libya has been in turmoil since a NATO-backed uprising in 2011, which ended up dividing the country between two rival administrations.

Dbeibah’s Government of National Unity (GNU) has maintained control over western Libya since 2021, while an administration backed by renegade military commander Khalifa Haftar leads in the east.

Libya was scheduled to hold national elections at the end of 2021, which were postponed indefinitely due to disputes over candidate eligibility, constitutional rules, and concerns over security as the rival governments failed to agree on a framework.