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Washington CNN  —  President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t a modern experience of how to think about this.” Powell said “the level of the tariff increases announced so far is significantly larger than anticipated” and that the lingering uncertainty around tariffs could inflict lasting economic damage. With Trump’s tariffs putting the economy on a path toward weaker growth,…

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  Even if the writing has been on the wall for years, breaking up is never easy. China and the US don’t often see eye to eye, but for decades, they have broadly agreed that it is better to be trade partners than trade enemies. That alliance is now hanging by a thread. And the real-world collateral damage is already piling up. The presidents of the world’s two biggest economies don’t appear ready to talk…

CNN  —  The Trump administration is formulating plans to cut roughly a third of the federal health budget, eliminate dozens of programs and vastly whittle down health agencies, according to an internal document reviewed by CNN. The preliminary memo, sent from White House budget officials to the Department of Health and Human Services, previews the administration’s plans to slash discretionary federal health spending and rework health agencies in the image of President Donald Trump and HHS Secretary Robert F. Kennedy Jr’s “Make America Healthy Again” mandate. The document, dated April 10, could still be finalized with changes. If enacted as…

Country music star Thomas Rhett is recovering after a painful fall that left him needing medical attention and a wheelchair.Rhett gave an update on his injury to his 4.9 million social media followers.”I’ve sprained my ankle a million times playing sports, but never felt it like that last night,” he shared on Instagram, thanking fans for their well wishes.”Just missed a step man… welcome to 35, I guess is the new motto,” Rhett added. “Just got an x-ray and thank the Lord nothing is broken… it’s just a gnarly sprain….” THOMAS RHETT PAUSES NASHVILLE CONCERT TO SAY A PRAYER FOR FAN…

Join Fox News for access to this content Plus special access to select articles and other premium content with your account – free of charge. By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive. Please enter a valid email address. Having trouble? Click here. “A Minecraft Movie,” the big-screen adaptation of the popular video game “Minecraft,” has been packing theaters with rowdy kids and teens since its release this month, spurring a social media phenomenon and sparking concern for America’s youth. Videos on social…

‘The Big Money Show’ panel discusses Federal Reserve Chairman Jerome Powell’s warning about the impact of tariffs on inflation. Federal Reserve Chairman Jerome Powell on Wednesday said that the central bank could face a “challenging scenario” as it contends with President Donald Trump’s tariffs. Powell said the duties on U.S. trading partners imposed by the White House are “significantly larger than anticipated,” and that they are “highly likely” to lead to a temporary rise in inflation.”We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Powell said in prepared remarks to the Economic Club…

FIRST ON FOX: Maryland Democratic Sen. Chris Van Hollen drew wide rebuke for his sudden trip to El Salvador, during which he hopes to bring back deported Salvadoran Kilmar Abrego Garcia.Garcia is currently imprisoned in the Central American country – and President Nayib Bukele indicated it would be “preposterous” to try to send him back to the U.S.Van Hollen made waves Wednesday morning when he posted a selfie-video before flying to San Salvador, and calling the goal of his “mission” to let both countries’ governments know he won’t stop fighting until Garcia returns to Maryland.Rep. Andy Harris, the lone Republican…

Americans coast to coast are rushing to obtain REAL IDs while many motor vehicle bureaus are grappling to accommodate appointments. With the deadline of May 7 approaching, air travelers at domestic airports and people entering some federal buildings must have a REAL ID.Some Americans are considering alternatives if they’re struggling to get DMV appointments to obtain the new identification. REAL ID APPOINTMENTS ADDED AS NEW JERSEY RESIDENTS STRUGGLE TO GET NEW IDENTIFICATIONOn Monday in New Jersey, the Department of Motor Vehicles (NJDMV) website showed “0 appointments available” for REAL ID services on its site; it has now added additional time slots. Virginia DMVs have launched Saturday events…

As you rush through busy terminals, juggling bags and boarding passes, your credit cards may be at risk, not just from pickpockets, but from digital thieves using high-tech tools like RFID (radio-frequency identification) skimmers. While today’s chip-enabled cards are more secure than old magnetic stripes, it’s still wise to take extra precautions, especially in crowded places like airports. Here’s how to keep your cards protected while traveling.STAY PROTECTED & INFORMED! GET SECURITY ALERTS & EXPERT TECH TIPS – SIGN UP FOR KURT’S ‘THE CYBERGUY REPORT’ NOW A person holding a passport while traveling (Kurt “CyberGuy” Knutsson)WHAT IS ARTIFICIAL INTELLIGENCE (AI)?How credit card…

Tom Cruise and Ana de Armas are continuing to fuel romance rumors. On April 13, the pair were seen deplaning the actor’s helicopter in London that took off from Madrid, Spain. De Armas wore blue jeans and a leather jacket as she held her dog Elvis and walked her pup Salsa. Cruise was seen in a white polo shirt, gray slacks and a navy jacket. A source told People that the pair are not romantically involved and were accompanied on the trip by director Doug Liman. The group is reportedly working on a new project, but no additional information was provided. Tom…