Mercedes rookie driver Andrea Kimi Antonelli faced a setback in qualifying for the Australian Grand Prix, exiting after Q1 due to a damaged floor on his W16 Formula One car. Despite starting in P16, he remains optimistic for the race with the wet weather forecast playing in his favor. Teammate George Russell secured a P4 start, while Mercedes acknowledged the learning experience for the 18-year-old Italian driver in his debut season.
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Trump tariffs have delayed interest rate cuts, Federal Reserve Chair Jerome Powell says
Federal Reserve Chair Jerome Powell stated that the decision to maintain interest rates this year was influenced by President Trump's tariffs, which have led to increased inflation forecasts. While tariffs have not yet significantly impacted the U.S. economy, Powell emphasized the need for the Fed to monitor their effects, asserting the importance of keeping central banking decisions free from political pressure. Explain It To Me Like I'm 5: Federal Reserve Chair Jerome Powell said that...
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