LIVE: Live updates: Trump hints at firing Federal Reserve chair Powell after tariff comments

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U.S. President Donald Trump said Thursday that Federal Reserve Chair Jerome Powell’s termination “cannot come fast enough” as he reiterated his frustration that the Fed hasn’t aggressively cut interest rates.

The president’s broadside came a day after Powell said in a speech that Trump’s broad-based tariffs have left the Federal Reserve seeking “greater clarity” on the impact of policy changes in areas such as immigration, taxation, regulation, and tariffs before making potential cuts.

Events to watch for news today:

Italian Prime Minister to meet with Trump on EU tariffs: Giorgia Meloni is the first European leader to have a face-to-face with the president since he announced, and then suspended, 20% tariffs on European exports. She’s been in close contact with EU leaders ahead of the trip.
Federal court to weigh Trump’s EOs on elections: A judge will hear arguments in three cases from national Democrats and voting rights groups that are challenging Trump’s recent executive order on elections, which, among other changes, would require proof of citizenship to register to vote in federal elections.

Other news we’re following:

Judge finds cause to hold Trump administration in criminal contempt: A federal judge on Wednesday warned he could seek prosecution against Trump officials for violating his orders last month to turn around planes carrying deportees to an El Salvador prison.
AP sources say the administration plans to end the IRS Direct File program: The program, developed during Joe Biden’s presidency, allows filers to send their returns directly to the tax agency for free. It was credited by users with making tax filing easy, fast and economical.
Administration levies more threats on Harvard: On Monday, Harvard became the first university to openly defy the Trump administration as it demands sweeping changes to limit activism on campus. On Wednesday, the Department of Homeland security said it was cancelling two grants totaling $2.7 million to the university. On Thursday, the department threatened to revoke the university’s ability to host international students if it doesn’t agree to turn over “detailed records on Harvard’s foreign student visa holders’ illegal and violent activities.”