Tag: takes

  • Fox News AI Newsletter: AI takes big step forward with 3D-printed shoe

    Fox News AI Newsletter: AI takes big step forward with 3D-printed shoe

    Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.

    IN TODAY’S NEWSLETTER:

    – World’s first AI-designed, 3D-printed shoe wants to be the next Crocs

    – Trump’s AI czar flags report questioning DeepSeek’s cost of developing AI models

    – Wheeled wonder robot dog shows off crazy dance moves in all kinds of tough terrain

    AI-designed, 3D-printed shoe  (Syntilay)

    INNOVATIVE STEP FORWARD: Syntilay, a startup with a sparkle in its eye and artificial intelligence on its mind, has just unveiled what it claims to be the world’s first entirely AI-designed and 3D-printed shoe.

    SETTING THE RECORD STRAIGHT: President Donald Trump’s artificial intelligence czar, David Sacks, is pointing to evidence that China’s DeepSeek AI startup spent a lot more money developing its models than has been reported.

    robot dog 1

    The Lynx robot dog dancing in snow  (Deep Robotics)

    ROBOT’S GOT MOVES: Deep Robotics, a Chinese robotics firm, recently unveiled its latest innovation in quadruped robotics, the Lynx.

    SPUTNIK MOMENT: If you care about national security, artificial intelligence (AI) or the index funds in your retirement account, you have likely heard of DeepSeek. Chinese AI model DeepSeek’s release late January caused a $969 billion stock market selloff and prompted responses from AI leaders like President Donald Trump, NVIDIA, venture capitalist Marc Andreessen and OpenAI CEO Sam Altman.

    AUTONOMOUS BIG RIGS: Are you ready to share the road with massive semi-trucks cruising down the highways next to you without a human driver? Well, that is one step closer, thanks to the groundbreaking partnership between Kodiak Robotics and Atlas Energy Solutions. These innovative companies have just pulled off something incredible. They successfully launched the first-ever commercial driverless trucking operation.

    Big rigs deliver cargo with no humans at the wheel

    Driverless semi-truck (Kodiak Robotics) (Kurt “CyberGuy” Knutsson)

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    Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.

  • PM Modi Mahakumbh Snan: PM Narendra Modi Takes Holy Dip at Triveni Sangam During Maha Kumbh Mela in Prayagraj, Video Surfaces

    PM Modi Mahakumbh Snan: PM Narendra Modi Takes Holy Dip at Triveni Sangam During Maha Kumbh Mela in Prayagraj, Video Surfaces

    PM Narendra Modi took a holy dip at Triveni Sangam during the Maha Kumbh Mela in Prayagraj on February 5, immersing himself in the sacred waters as part of the revered tradition. Modi, dressed in traditional attire, performed rituals and offered prayers before stepping into the river. he PM had visited earlier as well to review the preparations for the grand event. Security arrangements were tightened for the occasion, ensuring a smooth and peaceful event. PM Narendra Modi To Visit Prayagraj Today To Take Holy Dip in Sangam at Maha Kumbh Mela 2025; Local Residents Express Elation, Excitement.

     PM Narendra Modi Takes Holy Dip at Triveni Sangam 

     

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)

  • ‘Exciting chapter’: Interior Sec takes aim at Biden oil lease ban, ‘coercive’ climate policies in Day 1 orders

    ‘Exciting chapter’: Interior Sec takes aim at Biden oil lease ban, ‘coercive’ climate policies in Day 1 orders

    President Donald Trump’s administration is taking aim at various Biden-era environmental rules and regulations by stripping the energy sector of “coercive” climate policies and oil lease bans, and launching internal investigations into agency actions that “burden” energy development.

    Secretary of Interior Doug Burgum, who was sworn-in on Friday, spent his first full day on the job implementing six new orders that reinforce Trump’s agenda and set the tone for the department over the next four years.

    The secretary’s orders include examining ways to eliminate “harmful” and “coercive” climate policies, lifting Biden-era bans on oil and gas leases, and conducting a review of the legislation that funded the former administration’s green energy agenda, known as the Inflation Reduction Act (IRA).

    “Today marks the beginning of an exciting chapter for the Department of the Interior,” Burgum said in a statement. “We are committed to working collaboratively to unlock America’s full potential in energy dominance and economic development to make life more affordable for every American family while showing the world the power of America’s natural resources and innovation.”

    FEDERAL AGENCIES SCRUB CLIMATE CHANGE FROM WEBSITE AMID TRUMP REBRANDING

    Then-North Dakota Gov. Doug Burgum speaks during a Senate Energy and Natural Resources Committee confirmation hearing in Washington, D.C., on Thursday, Jan. 16, 2025. (Al Drago)

    In a press release issued on Monday, Burgum announced the department’s first initiatives.

    The DOI pledged to expedite the completion of all authorized infrastructure and environmental projects to address the National Energy Emergency, which was declared by Trump on Inauguration Day.

    ‘SCREAM NIGHT’: CLIMATE ACTIVISTS REPEATEDLY DISRUPT DNC LEADERSHIP MEETING

    The department will also conduct a review of all appropriations from the IRA, after former President Joe Biden spent the remaining months of his presidency trying to rapidly dish out funds from the bill to fund green energy projects across the country. 

    Donald Trump smiles in a navy suit and red tie

    President Donald Trump arrives at an election night watch party at the Palm Beach Convention Center on Wednesday, Nov. 6, 2024. (Evan Vucci)

    Additionally, the DOI said that for every new regulation issued, the department will eliminate at least 10 existing ones as part of Trump’s “deregulation agenda.”

    Burgum also demanded “immediate compliance” with Trump’s overturning of Biden’s oil and gas lease ban, specifically in the Outer Continental Shelf, and said the department will be conducting a review of all agency actions that “potentially burden the development of domestic energy resources.”

    The DOI, on Monday, also withdrew a June 2021 Biden administration order that halted oil and gas leasing in the Arctic National Wildlife Refuge, a coastal plain that the first and second Trump administrations have eyed as an oil and gas resource. 

    President Joe Biden

    Former President Joe Biden implemented several environmental regulations during his term. (Kevin Dietsch)

    “Together, we will ensure that our policies reflect the needs of our communities, respect tribal sovereignty, and drive innovation that will keep the U.S. at the forefront of energy and environmental leadership,” Burgum said in a statement.

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    Climate activist groups, however, have not been supportive of Burgum’s nomination.

    “From opening more public lands for extraction to attacking countless protections of lands, water, and wildlife, it’s clear that President Trump is committed to expanding fossil fuels and catering to industry at the expense of our climate, public lands and waters, and wildlife,” Earthjustice, an environmental law group, wrote in opposition to Burgum’s nomination.

  • Trump takes swipe at past admins’ Afghanistan handling as he praises Panthers team owner

    Trump takes swipe at past admins’ Afghanistan handling as he praises Panthers team owner

    President Donald Trump took a shot at past administrations’ handling of Afghanistan as he welcomed the Florida Panthers to the White House to celebrate their Stanley Cup title.

    The Panthers were the first team to visit the White House in Trump’s second term as president.

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    President Donald Trump speaks as Vincent Viola, team owner of the 2024 NHL Stanley Cup champion Florida Panthers hockey team, left, listens during a ceremony to honor the team in the East Room of the White House, Monday, Feb. 3, 2025, in Washington.  (AP Photo/Evan Vucci)

    The president spoke highly of team owner Vincent Viola before he let him say a few words about his team that won the Stanley Cup in an epic seven-game series against the Edmonton Oilers. Trump called Viola a “real champion” who loves the military.

    “He’s a real champion in everything he’s ever done. Loves the military,” Trump said. “First thing he did, I see him, ‘You gotta do this with the Army. You gotta move them here. You gotta put…’ He’s giving me all the instructions. You love the military.

    “You know, we shoulda had you in Afghanistan instead of the characters we had. It would’ve turned out a little bit different.”

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    Trump and Aleksander Barkov

    President Donald Trump shakes hands with team captain Aleksander Barkov during a ceremony with the Florida Panthers NHL hockey team to celebrate their 2024 Stanley Cup win, in the East Room of the White House, Monday, Feb. 3, 2025, in Washington. (AP Photo/Alex Brandon)

    The U.S. invaded Afghanistan in 2001 following the Sept. 11, 2001, terror attacks in hopes of toppling the Taliban and finding Usama bin Laden.

    As the U.S. finalized its pull out from Afghanistan, suicide bombers launched an attack at Hamid Karzai International Airport’s Abbey Gate. Thirteen American servicemembers were killed along with 170 Afghan civilians.

    In Trump’s first administration, Viola was in the running for U.S. Army secretary before he withdrew from consideration. The billionaire businessman attended the U.S. Military Academy at West Point and eventually served with the 101st Airborne Division at Fort Campbell.

    Vincent Viola at Churchill Downs

    Always Dreaming owner Vinnie Viola holds the trophy after winning the 2017 Kentucky Derby at Churchill Downs. (Jamie Rhodes-USA TODAY Sports)

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    Viola bought the team in 2013 and the team has made the playoff six times, including five straight from the 2019-20 season to the 2023-24 season. The team made the Stanley Cup Final in 2023 only to lose to the Vegas Golden Knights in five games.

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  • Musk’s DOGE takes aim at ‘viper’s nest’ federal agency

    Musk’s DOGE takes aim at ‘viper’s nest’ federal agency

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    The Department of Government Efficiency (DOGE), which is led by tech billionaire Elon Musk, is taking aim at the U.S. Agency for International Development (USAID) and, according to senior congressional sources, moved to seize control of the independent agency over the weekend.

    The senior congressional sources told Fox News that more than 50 senior USAID staff members were placed on administrative leave and subjected to a gag order, meaning they were not allowed to communicate with anyone outside the agency without approval.

    Signs were also removed from USAID’s headquarters in the Ronald Reagan Building in Washington, D.C., and the DOGE team took over the computer systems, the sources said. USAID is responsible for distributing civilian foreign aid and development assistance to countries around the globe. The agency managed approximately $40 billion in appropriations last year, according to the Congressional Research Service.

    On Sunday, the Associated Press reported that the Trump administration placed two top security chiefs at USAID on leave after refusing to turn over classified material in restricted areas to DOGE.

    RUBIO PAUSES FOREIGN AID FROM STATE DEPARTMENT AND USAID TO ENSURE IT PUTS ‘AMERICA FIRST’

    The U.S. Agency of International Development flag flies in front of the agency’s headquarters building in Washington.

    After initially being refused access to USAID’s classified information, DOGE eventually gained that access on Saturday, allowing them to see things like intelligence reports, a current and a former U.S. official told the AP.

    The DOGE team members lacked high enough security clearance to access the information, so the two USAID security officials – John Voorhees and deputy Brian McGill – believed they were legally obligated to deny access.

    On Sunday, Musk took aim at USAID on his social media platform X, saying, “USAID is a criminal organization. Time for it to die.”

    AFTER RAUCOUS FIRST WEEK IN OFFICE, DONALD TRUMP TO KEEP HIS FOOT ON THE GAS

    He also wrote several other posts about the agency, saying things like, “USAID was a viper’s nest of radical-left Marxists who hate America” and “USAID is evil.”

    The latter was in response to a post suggesting USAID helped fund coronavirus research in Wuhan, China, which referred to an interaction posted on Forbes between Sen. Rand Paul, R-Ky., and now former USAID Administrator Samantha Power in April 2023.

    ABC News reported that those familiar with USAID were questioning whether the moves at USAID were being made in an effort to move the agency under the State Department, where there could be better accountability.

    TRUMP ADMINISTRATION NEEDS MORE PLANES TO CARRY OUT DEPORTATIONS: REPORT

    Elon Musk jumps on state as he joins former president Donald Trump during a campaign rally in Pennsylvania.

    Elon Musk jumps on stage as he joins former President Donald Trump during a campaign rally in Butler, Pa. (JIM WATSON/AFP via Getty Images/File)

    Last week, at least 56 USAID officials were placed on administrative leave with full pay and benefits, and several hundred contractors based in Washington and elsewhere were laid off.

    The actions came after Secretary of State Marco Rubio, acting on Trump’s executive order, paused all U.S. foreign assistance funded by or through the State Department and USAID.

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    The 90-day pause has halted thousands of U.S.-funded humanitarian, development and security programs worldwide and forced aid organizations to lay off hundreds of employees because they can’t make payroll.

    Fox News Digital’s Chris Pandolfo and The Associated Press contributed to this report.

  • Ex-NBA star Austin Carr takes swipe at Trump while congratulating Cavs All-Stars

    Ex-NBA star Austin Carr takes swipe at Trump while congratulating Cavs All-Stars

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    Former Cleveland Cavaliers star Austin Carr took a swipe at President Donald Trump on Thursday as he congratulated some of the team’s players for making the All-Star Game.

    Carr, who serves as a TV analyst for the team, took his swipe in a post on X.

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    Former NBA player and current TV analyst Austin Carr, right, talks to Cleveland Cavaliers guard Donovan Mitchell, #45, before a game against the Detroit Pistons at Rocket Mortgage FieldHouse in Cleveland on Jan. 31, 2024. (David Richard-USA TODAY Sports)

    “Cavs have three all star, congrats, well deserved GO CAVS #ImpeachTrumpNOW” he wrote in the now deleted post.

    The 76-year-old known as “Mr. Cavalier” did not specify why he wanted to impeach the president, but later tried to explain what happened in a follow-up post.

    Trump addressed reporters from the White House briefing room earlier in the day after nearly 70 people were presumed dead when an American Airlines regional jet collided with a U.S. Army helicopter near Reagan National Airport in Washington, D.C.

    OLYMPIC GREAT NANCY KERRIGAN FIGHTS THROUGH TEARS AS SHE TALKS ABOUT VICTIMS IN TRAGIC PLANE CRASH

    President Donald Trump and Melania Trump

    President Donald Trump and first lady Melania Trump wave as they board Air Force One on Friday, Jan. 24, 2025 at Joint Base Andrews, Maryland, for a trip to North Carolina and California. (AP Photo/Mark Schiefelbein)

    He set his sights on DEI standards at the Federal Aviation Administration and highlighted efforts by the Biden administration to lower aviation standards, though he acknowledged that the cause of Wednesday night’s crash has yet to be determined.

    “We must have only the highest standards for those who work in our aviation system,” Trump said. “Only the highest aptitude — you have to be the highest intellect — and psychologically superior people, were allowed to qualify for air traffic controllers.

    “We have to have our smartest people. It doesn’t matter what they look like, how they speak, who they are. What matters is intellect, talent. The word ‘talent.’ They have to be talented geniuses,” he continued. “We can’t have regular people doing that job. They won’t be able to do it.”

    President Donald Trump speaks with President Joe Biden at his inauguration

    President-elect Donald J. Trump, left, and President Joe Biden attend the inauguration of Trump as the 47th president of the United States inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., on Monday, Jan. 20, 2025. (Kenny Holston/The New York Times/Pool via Getty Images)

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    Trump later attributed the crash to a “confluence of bad decisions that were made.”

    Fox News’ Anders Hagstrom contributed to this report.

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  • Rob Gronkowski takes NFL officials to task over alleged Chiefs favoritism

    Rob Gronkowski takes NFL officials to task over alleged Chiefs favoritism

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    Surely, referees in the National Football League don’t actually favor the Kansas City Chiefs, do they?

    Well, Rob Gronkowski has the mind of the NFL fan and thinks that something is up.

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    The Chiefs are in their third consecutive Super Bowl, and it’s fair to say they got some benefit from the officiating in the AFC title game against the Buffalo Bills.

    Rob Gronkowski (Jim Rogash/Getty Images/File)

    A pivotal 4th-and-1 rush by Bills quarterback Josh Allen was ruled short (it could be argued the Bills crossed the marker on third down). The Chiefs responded by scoring a touchdown on the next drive. And while the Bills did tie it up, the field was clearly tilted afterward.

    This version of the Chiefs is being talked about like Gronk’s New England Patriots used to be talked about: favoritism from the refs but still difficult to beat. Gronk joked in a recent interview with Fox News Digital that even his quarterback Tom Brady got the favor of the whistle.

    “It was Tom, but he deserved it at the time. He was an 18-year vet, and he took his punishment as a young buck during his first eight years in the league. Oh my lord, he used to get lit up. It was understandable he got calls,” Gronk said.

    And perhaps the Chiefs have gotten that same benefit, Gronkowski added, saying the refs are “definitely … more lenient” toward the Chiefs.

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    “It’s been shown throughout the regular season and extending into the playoffs,” Gronk quipped.

    He later added, “I just feel like there’s something, like, maybe give them an extra call or two. Don’t make it too obvious, but make it a little obvious.”

    Referee Carl Cheffers speaks to Chiefs quarterback Patrick Mahomes during a break in the third quarter against the Houston Texans on Dec. 21, 2024, in Kansas City, Mo.

    Referee Carl Cheffers speaks to Chiefs quarterback Patrick Mahomes during a break in the third quarter against the Houston Texans on Dec. 21, 2024, in Kansas City, Mo. (David Eulitt/Getty Images)

    SUPER BOWL CHAMPION HOPES FANS APPRECIATE CHIEFS’ GREATNESS, NOT HATE ON IT

    Gronkowski will get to see firsthand how much the refs actually favor the Chiefs, if at all, as he’ll be in New Orleans on behalf of Bounty to clean up the mess that comes with dirty eating during Super Bowl Sunday.

    “You can’t have football without wings, there’s no doubt about that. But you can’t have wings without Bounty,” Gronk said ahead of his trip to Bourbon Street, where there will be food aplenty.

    His wingman, Saints legend Drew Brees, will try to show him the best wings in town, but he doesn’t think anything will beat his hometown Buffalo wings, similar to the Chiefs.

    Gronkowski added that even though the Chiefs may have some help from the zebras, it’s “no excuse” for the Bills or anyone to fall short when they have their chances.

    Chiefs quarterback Patrick Mahomes talks to referee Clete Blakeman prior to the AFC Championship against the Buffalo Bills on Jan. 26, 2025, in Kansas City, Mo.

    Chiefs quarterback Patrick Mahomes talks to referee Clete Blakeman prior to the AFC Championship against the Buffalo Bills on Jan. 26, 2025, in Kansas City, Mo. (Todd Rosenberg/Getty Images)

    “You have opportunities to beat them, you got to overcome all situations, and the Buffalo Bills need to make championship plays in championship moments, and they didn’t come through. You got to make plays in order to beat the Chiefs, and you can’t blame it on the refs,” Gronk continued.

    “It doesn’t matter, you still got to beat the Chiefs, and you still got to come through with big plays at the end of the game in order to beat them, and no team has done that yet.”

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    Super Bowl LIX will be streamed on Tubi. (Tubi)

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    Gronk won four Super Bowls in his career, but with a Kansas City win on Feb. 9, this era of Chiefs will have matched him.

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  • Hema Malini at Maha Kumbh 2025: Actress-Politician Takes Holy Dip At Triveni Sangam on Mauni Amavasya (Watch Video)

    Hema Malini at Maha Kumbh 2025: Actress-Politician Takes Holy Dip At Triveni Sangam on Mauni Amavasya (Watch Video)

    Bharatiya Janata Party (BJP) MP and actress Hema Malini shared her experience of taking a holy dip at the Triveni Sangam during the ongoing Maha Kumbh in Prayagraj. She participated in the ritual on Mauni Amavasya, a day considered especially sacred. On this day, reportedly, it is estimated that around 10 crore people have gathered at the Maha Kumbh. “I am feeling great. I never had such an experience before. Today is a very special day. I am fortunate to take the holy dip today,” she told PTI. The massive religious event, which started on January 13, will continue until February 26, 2025. Maha Kumbh 2025: Who Is Mamta Kulkarni? What Is Mahamandaleshwar Title Given to Former Bollywood Actress at Kinnar Akhada?

    Hema Malini at Maha Kumbh 2025

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)

  • CEO takes stand against fines for flying massive American flag: It creates ‘noise, unnecessary distractions’

    CEO takes stand against fines for flying massive American flag: It creates ‘noise, unnecessary distractions’

    Daily fines won’t stop Camping World CEO Marcus Lemonis from flying a huge Old Glory high and proud.

    “This isn’t the first time this has happened. We’ve been dealing with this for years. And we have these flags around the country, and they’ve been part of my fabric since I was a little kid,” Lemonis said on “The Bottom Line” Monday.

    “We dealt with it in Statesville; Morgan Hill, California; Onalaska, Wisconsin; and now Greenville, North Carolina. And I think this is a perfect example… of local and city and state municipalities putting regulations on businesses that don’t advance the business. They just create more noise and unnecessary distractions.”

    If you’ve driven by one of 250 of Camping World’s RV dealerships, the massive and prominent American flags flying on their properties are hard to miss. But when Camping World’s Greenville location put theirs up in October, according to the New York Post, problems began with local zoning officials.

    WHY AN ACTIVIST INVESTOR SAYS THE BATTLE AGAINST COSTCO D.E.I. REGIME ISN’T OVER

    Camping World’s flag is allegedly 15 times the allowed size and its 120-foot flagpole is too large, as well. Since Friday, the company has racked up penalties amounting to about $1,150.

    Camping World CEO Marcus Lemonis says he’ll accept daily fines from local Greenville government over the company’s giant American flag on its dealership. (Getty Images)

    Lemonis showed no interest in taking down the flag anytime soon.

    In response to Fox News Digital, the city of Greenville clarified that an addendum to the sizing regulation was in the works, and will permit Camping World to continue flying its flag.

    “I do it because I believe in it. I’m an immigrant in this country. This country gave me an opportunity to earn a living and to employ 13,000 people. I just choose to have a big flag because I’ve had one since I was a little kid,” the CEO explained.

    “And I know that’s my way of expressing to the veterans and our customer base how much we believe in it,” he added.

    He argued that the city’s crackdown on his patriotism actually hurts business and represents “a small example of why things [get] more expensive.”

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    “The business of selling champers is to enjoy the outside,” Lemonis pointed out. “When you regulate business to the point where they have to add layers of expense, and they need to still maintain profitability, you have essentially created inflation to regulation.”

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  • U.S. economy steady as Trump takes hold

    U.S. economy steady as Trump takes hold

    The U.S. economy entered 2025 with a steady hand, according to the National Association of Business Economics, a group of the nation’s leading economists, with the chance of a prolonged slowdown falling. 

    “The odds of a recession continue to diminish according to panelists, with the downside risks largely tied to uncertainty over the implementation and timing of policy proposals from the new administration” said NABE President Emily Kolinski Morris, CBE, global chief economist, Ford Motor Company, in the group’s January Business Conditions Survey taken from Dec. 30, 2024, to Jan. 13, 2025.

    President Donald Trump, who took office a week ago, hit the ground running, rolling out a series of pro-business executive orders tied to making the U.S. more open to cryptocurrency, easing energy restrictions and freezing the hiring of federal workers as his DOGE, Department of Government Efficiency arm, assesses areas to cut waste. 

    Ticker Security Last Change Change %
    ORCL ORACLE CORP. 183.73 -2.74 -1.47%
    SFTBY SOFTBANK GROUP CORP. 33.55 +0.15 +0.45%

    Additionally, he announced a $500 billion investment from OpenAI, Softbank and Oracle to expand artificial intelligence in the U.S. He is also threatening tariffs against Canada, Mexico and China.

    Still, inflation remains a headwind. While 65% of NABE’s economists see prices stable over the next three months, 35% expect price increases, an uptick from 28% polled in October.

    The consumer price index last month rose 2.9% annually and 0.4% vs. November. Core CPI, which excludes volatile food and energy, rose 3.2% annually. Inflation is well below its 9.1% peak in July 2022 but still above the Federal Reserve’s preferred 2% goal. 

    INFLATION RISES 2.9% IN DECEMBER, IN LINE WITH EXPECTATIONS

    President Donald Trump makes a speech via video-conference during the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. (Halil Sagirkaya/Anadolu via)

    TRUMP BLASTS BOFA, REIGNITES DEBANKING CONTROVERSY

    Trump, during his remote appearance before the World Economic Forum marking his return to office, blamed the Biden administration for high inflation. 

    Over the past four years, our government racked up $8 trillion in wasteful deficit spending and inflicted nation wrecking energy restrictions, crippling regulations and hidden taxes like never before. The result is the worst inflation crisis in modern history, and sky-high interest rates for our citizens and even throughout the world, food prices and the price of almost every other thing known to mankind went through the roof,” Trump told attendees in Davos, Switzerland. He also took a jab at Fed Chair Jerome Powell. 

    I’ll demand that interest rates drop immediately. And likewise, they should be dropping all over the world. Interest rates should follow us,” he said. 

    Federal Reserve Chair Jerome Powell

    Fed Chairman Jerome Powell speaks during a press conference at the Federal Reserve on Dec. 18, 2024, in Washington, D.C. (Alex Wong / Getty Images)

    Policymakers are expected to leave rates unchanged at the conclusion of the two-day meeting Wednesday, according to the CME’s FedWatch Tool, which tracks the probability of rate moves. That will keep the Federal Funds Rate between 4.25%-4.50%. 

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    On Thursday, GDP for the fourth quarter is seen rising 3%, in line with the 3.1% reported in the third quarter.