Trump discussed firing Fed boss but 'highly unlikely' he will
US President Donald Trump has said it’s “highly unlikely” he’ll fire Federal Reserve Chair Jerome Powell, despite raising the idea with Republicans. Trump has repeatedly slammed Powell over interest rates, calling him a “knucklehead” and accusing him of mismanaging a costly Fed renovation project, BBC reported.
Though Powell’s term ends next May, Trump allies suggest the White House is building a case for removal. Powell insists he’ll serve out his term, and legal experts say a president can only fire a Fed governor “for cause.”
Economists warn that interfering with the Fed could rattle markets and hurt investor confidence. Treasury Secretary Scott Bessent says a process to find a potential replacement is underway.
Newly appointed Minister for General Administration Neupane takes oath
Newly appointed Minister for Federal Affairs and General Administration Bhagwati Neupane took the oath of office and secrecy before President Ram Chandra Paudel.
The oath taking ceremony was held on Wednesday at the Office of the President, Shital Niwas.
The Head-of-the-State had, on the recommendation of Prime Minister KP Sharma Oli, appointed Neupane to the post on Tuesday.
Vice President Ram Sahaya Prasad Yadav, Prime Minister Oli, National Assembly (NA) Chair Narayan Prasad Dahal, ministers, chiefs of security bodies, chiefs of the constitutional bodies, Chief Secretary Ek Narayan Aryal and political leaders were present on the occasion.
Prior to this, Neupane, was the Chief Whip of the CPN-UML in the National Assembly.
She assumed office upon reaching the Singha Durbar Wednesday itself.
Land Bill to be passed soon: Speaker Ghimire
Speaker Devraj Ghimire has expressed confidence that the Land Bill pending in the Parliament will be passed soon.
Addressing a program to distribute land ownership certificates to the landless residents of Arjundhara Municipality in the district today, he said that the land problem that has been surfacing for years will be solved after the enactment of a new law on land by the Parliament.
Mentioning that hundreds of landless people need to be made owners of land, he recalled that the previous commission had complained of problems in the distribution of certificates due to the high cost of revenue.
He said that after the current government reduced land revenue to five percent, the number of people willing to take loans is increasing.
Today, 96 homeless residents of Arjundhara Municipality-11 received land ownership certificates.
JSP decides to withdraw support to government
The Janata Samajwadi Party (JSP) Nepal has decided to withdraw its support to the government.
The decision to withdraw support was taken by a meeting held at the party's parliamentary party office in Singha Durbar today.
The party's support to the current government has no justification as it could not fulfill the expectations of the people and hence a decision was taken to withdraw the support and remain in opposition," said a statement issued after the meeting.
The statement also notes that the government has not been able to ensure good governance, improve the country's economy and advance the pace of economic development, while also failing to effectively implement federalism.
