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Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

National Security Adviser Mike Waltz said Fogel was released in what he called "an exchange" with Russia and was on his way back to the United States. Terms of the exchange were unclear.

The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down, citing the stop work orders issued by Russell Vought, the agency's new acting director.

The disconnect between Emil Bove's aggressive stance at the time to hold rioters accountable — and his current hostility toward the Jan. 6 probe — has troubled some former colleagues.

Trump and Musk spoke as the president signed a new executive order calling on the heads of federal agencies to "promptly undertake preparations to initiate large-scale reductions in force."

The voluntary recall covers 13 products sold at major grocery stores in 26 states and the District of Columbia. It was triggered by defective packaging that poses the risk of food poisoning.

The White House says the federal employees union is doing its members a disservice by urging them not to resign with the promise of administrative leave until September.

The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.

The decision resolves a long-running legal dispute between the Department of Justice and TikTok. But experts say President-elect Donald Trump will now have considerable sway over the platform's future in the U.S.

Imani Perry traces the history and symbolism of the color blue, from the indigo of the slave trade, to Coretta Scott King's wedding dress, to present day cobalt mining. Her new book is Black in Blues.