Fed Chair Powell to speak Aug 22 amid speculation on rate cuts, replacement
Powell's speech comes as data showing some impact of tariffs on inflation but the job market is also slowing, a combination fueling expectations for the Fed to cut interest rates by a quarter of a percent when it meets next month.
U.S. President Donald Trump wants lower rates and is looking for a replacement for Powell, whose term ends in May.
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Yahoo
16 minutes ago
- Yahoo
Taiwan Expo USA 2025 Debuts in Dallas, Spotlighting Innovation, Investment, and Bilateral Collaboration
Largest Taiwan Expo in the U.S. kicks off three days of industry, culture, and strategic dialogue—free and open to the public DALLAS, August 15, 2025--(BUSINESS WIRE)--Taiwan Expo USA — Taiwan Expo USA 2025 officially opened today at the Kay Bailey Hutchison Convention Center in Dallas, launching a landmark showcase of Taiwan's leadership across technology, advanced manufacturing, and cultural vitality. Themed "Shared Vision, Stronger Partnership," this year's Expo, organized by Taiwan's Ministry of Economic Affairs (MOEA), International Trade Administration (TITA), and Taiwan External Trade Development Council (TAITRA), underscores Taiwan's expanding role as a strategic economic partner to the United States. The flagship event spotlights Taiwan's national image and promotes Taiwan–U.S. exchange across industry, innovation, and culture. "Taiwan Expo USA is more than an event—it's a blueprint for the future of global innovation. Inside, you'll find AI and semiconductor command centers powering intelligence across domains; smart manufacturing bays fine-tuned for reindustrialization; medical pods delivering tech-driven health resilience; and cultural capsules—because innovation isn't just technical; it's taste, story, rhythm, and spirit," said TAITRA Chairman James C. F. Huang. "Taiwan is ready—not just to support, but to co-build and share the weight. Not just to adapt, but to stand shoulder-to-shoulder on this bold journey forward." Opening Ceremony Celebrates Economic and Cultural Synergy Today's Opening Ceremony blended artistry and culture, featuring a performance by internationally acclaimed Ten Drum Art Percussion Group—renowned for integrating traditional Taiwanese drumming with modern dance—and remarks from a distinguished roster of U.S. and Taiwan leaders, including: James C. F. Huang, Chairman, Taiwan External Trade Development Council Ingrid Larson, Managing Director, Washington Office, American Institute in Taiwan William Liu, Director General, International Trade Administration, Ministry of Economic Affairs Ashok Pinto, Executive Director, SelectUSA, U.S. Department of Commerce Ambassador Alexander Tah-Ray Yui, ROC Taiwan's Representative to the United States Jane Nelson, Texas Secretary of State The ceremony also celebrated the inauguration of a new resource to connect Taiwanese businesses with U.S. opportunities—the Taiwan Trade and Investment Services Center in Dallas. "On behalf of Minister Kuo, the Ministry of Economic Affairs is proud to announce the opening of the Taiwan Trade and Investment Center in Dallas," said William Liu, Director General of the International Trade Administration. "This Center will help Taiwanese companies expand in the U.S. by offering guidance on investment regulations, identifying business opportunities, and fostering industrial and technological partnerships. It will also serve as a liaison with local governments to promote a favorable investment climate and deepen Taiwan–U.S. supply chain collaboration." Setting an inspiring tone for Taiwan Expo 2025, the ceremony reinforced Taiwan's long-term commitment to U.S. economic engagement and cross-cultural partnership, while highlighting shared aspirations to foster innovation and celebrating enduring cultural connections. "The United States and Taiwan have a relationship that represents far more than simple economic transactions," said Ingrid Larson, Managing Director of the Washington Office of the American Institute in Taiwan. "It embodies the principles of democratic values, mutual prosperity, and economic security. Taiwan has stepped up to help us achieve this goal with investments that benefit both of our economies. The importance of the trade relationship and commercial partnership extends beyond immediate economic benefits to fundamental questions of economic security and resilience." Forum for the Future: Supply Chain Innovation at the Forefront The Taiwan–U.S. Supply Chain Cooperation Forum also kicked off today, convening leaders from Hon Hai Technology Group (Foxconn), Phison, GlobalWafers, and the US-Taiwan Business Council to explore strategic pathways in smart manufacturing, AI integration, and industrial regionalization. Delivering the keynote address, Charles Freeman, Senior Vice President for Asia at the U.S. Chamber of Commerce, presented "Advancing the AI Era through Taiwan–U.S. Policy Innovation," setting the tone for cross-border collaboration and strategic policymaking in the tech economy. Two powerful segments—"Intelligent Alliances: Driving the AI Era through Taiwan and the U.S." and "Intelligent Alliances: Taiwan–U.S. Cooperation in Building the Next Industrial Era"—further reinforced Taiwan's pivotal role in enhancing global supply chain resilience amid shifting geopolitics. Expert speakers outlined actionable strategies for cross-border synergy, highlighting the importance of co-investment, policy innovation, and the rise of intelligent alliances between Taiwan and U.S. partners. Expo Highlights: Innovation Across Every Sector Taiwan Expo USA 2025 features five dynamic key themes that reflect the breadth of Taiwan's innovation, industrial leadership, and culture: Advanced Manufacturing: Taiwan's precision engineering is on full display as this pavilion showcases how bilateral efforts are modernizing production and reinforcing critical supply chains. Exhibitors including CASTEC International Corp. and Syntec present advanced manufacturing tools, semiconductors, and Industry 4.0 solutions that are reshaping the U.S. industrial base. As Taiwan ramps up investments in Texas and beyond, this pavilion spotlights the strategic impact of Taiwan–U.S. industrial integration. Intelligent Technology: Explore the convergence of IoT, AI, and drone technology with leading exhibitors such as Hon Hai Technology Group (Foxconn), AUO Corporation, ASUS, Phison, and HwaCom Systems Inc. Attendees can witness how cross-border collaboration is driving transformative applications—from embedded AI systems to next-gen connectivity—and redefining the way we live and work. Smart Healthcare: This pavilion showcases groundbreaking medical innovations ranging from AI-assisted diagnostics and wireless imaging to wearable technologies. Exhibitors including ACRO Biomedical Co., Ltd., Hukui Biotechnology, and V5med, Inc. introduce pioneering solutions designed to improve lives and shape the future of global healthcare. Visitors can gain firsthand insights into the next generation of care, diagnosis, and treatment. Taiwan Excellence: Enjoy an immersive storytelling experience featuring lifestyle, wellness, and high-tech consumer goods. The exhibit includes standout technologies from Acer and 23 other Taiwan Excellence award-winning brands. Guests can engage with cutting-edge trends and hands-on product demonstrations that celebrate Taiwan's design ingenuity and forward-thinking spirit. Culture, Food and Tourism: Centered on the theme "Delicious × Playful," the showcase features premium Taiwanese brands, highlighting Taiwan's diverse and captivating soft power. Visitors can explore the rich diversity and quality of Taiwan's food products, from artisanal snacks to premium beverages. Upcoming Event Highlights August 15–16: Noteworthy highlights include product launches, a tea culture presentation with Taiwan Tea Ambassador Thomas Shu, and cultural performances by ACRODYNAMIC that blend tradition with contemporary artistry. The Taiwan Healthcare Forum: Cancer Prevention x Medical Innovation will also feature medical experts sharing Taiwan-driven innovations in public health. Attend and Connect Taiwan Expo USA is free and open to the public. Follow updates via the official website, Facebook, and LinkedIn. For media registrations and/or inquiries, RSVP here or contact Mary Placido at Mary@ Taiwan Expo USA 2025 Organizers About MOEA The Ministry of Economic Affairs (MOEA) is Taiwan's leading agency responsible for advancing industrial innovation, international trade, and economic development. As a key organizer of Taiwan Expo USA 2025, MOEA brings together pioneering companies, cultural showcases, and strategic technologies to foster stronger U.S.–Taiwan collaboration. Through this free and public platform, MOEA underscores Taiwan's commitment to open exchange, global partnerships, and leadership in sectors such as smart manufacturing, green energy, and digital innovation. About TITA The International Trade Administration (TITA) is the administrative agency of the Ministry of Economic Affairs (MOEA) of Taiwan and is responsible for a wide variety of international trade activities including planning trade policies, engaging in international trade cooperation, participating in the activities of international economic and trade organizations, promoting, and implementing economic and trade agreements, and protocols for foreign trade delegations; formulating and implementing policies for trade promotion and MICE industry development and investigating and removing trade barriers, responding to trade remedies initiated by foreign counterparts, and handling trade disputes. Visit About TAITRA Taiwan External Trade Development Council (TAITRA) is the foremost non-profit, semi-governmental trade promotion organization in Taiwan. Founded in 1970 to help promote foreign trade, TAITRA is jointly sponsored by the government, industry associations, and several commercial organizations. TAITRA assists Taiwanese businesses in strengthening their international competitiveness and in dealing with the challenges they face in foreign markets. TAITRA boasts a well-coordinated trade promotion and information network consisting of over 1,200 trained specialists stationed throughout its Taipei headquarters and 60 branches worldwide. Together with its sister organizations, the Taiwan Trade Center (TTC) and Taipei World Trade Center (TWTC), TAITRA has created a wealth of trade opportunities through effective promotion strategies. View source version on Contacts Media Contacts Mary PlacidoSKC, Inc.(415) 218-3627mary@
Yahoo
16 minutes ago
- Yahoo
Man arrested after sandwich thrown at federal agent in Washington DC
An employee at the US Department of Justice (DOJ) has been arrested for throwing a Subway sandwich at a federal agent deployed to Washington DC as part of President Donald Trump's vow to crackdown on crime. Sean Charles Dunn, who had worked in the DOJ Criminal Division, was fired after video of the incident emerged. He is being charged with felony assault. The presence of federal law enforcement agents, as well as the National Guard, has led to widespread anger in the mostly Democratic city. Trump, a Republican, has said the deployment is necessary to fight crime and remove "drugged-out maniacs and homeless people". Local police data shows violent crime is at a 30-year low in Washington DC. According to charging documents, Mr Dunn allegedly threw a "submarine-style sandwich" at a Customs and Border Patrol (CBP) officer on Sunday. In a video of the incident, which prosecutors cite in their charges, the suspect is heard calling the agents "fascists" and screaming profanities directed at them. "Why are you here? I don't want you in my city," he yells before crossing the road. He later returns and is seen hurling the wrapped sandwich into the chest of a uniformed agent, who appears to be wearing a bulletproof vest. He then flees on foot as officers give chase. According to prosecutors, Mr Dunn confessed after he was arrested on Wednesday, telling investigators: "I did it. I threw a sandwich." US Attorney General Pam Bondi, the highest-ranking law enforcement agent in the US and oversees the DOJ, posted about the incident on social media on Thursday. "I just learned that this defendant worked at the Department of Justice — NO LONGER. Not only is he FIRED, he has been charged with a felony." Mr Dunn had been working as a trial attorney for the Office of International Affairs within the DOJ's Criminal Division, according to CBS news, the BBC's US partner. US Attorney for Washington DC Jeanine Pirro said in a video announcing Mr Dunn's arrest that he "thought it was funny. Well, he doesn't think it's funny today, because we charged with him with a felony." "So there, stick your Subway sandwich somewhere else," she continued. The unusual nature of the incident led to several jokes online, including the comment "assault with a deli weapon" - a gag which received more than 1,500 upvotes on Reddit. A local judge declined to press charges, before a federal judge permitted assault charges to be filed, CBS reports. Mr Dunn is currently free on bail and is facing up to eight years in prison. Officials have not said whether the officer suffered any injuries in the incident. About 100 people have been arrested since the agents and troops began arriving in the US capital on Monday. Besides troops from the National Guard, there are agents deployed from the FBI, the US Marshals Service, the Bureau of Alcohol, Tobacco and Firearms (ATF), the Department of Homeland Security (DHS) and the Secret Service. The deployments have led to protests in the District, which as the seat of the federal government does not have the same rights as a US state. In addition to deployments of those federal officers, Trump has placed the city's police department under direct federal control, using provisions laid out in the District of Columbia Home Rule Act. That act was instituted by former President Richard Nixon in 1973 to allow residents of Washington DC - where approximately 700,000 people live without official voting representation in Congress - to elect a city council and a mayor. Trump deploys National Guard to Washington DC and pledges crime crackdown National Guard troops appear in Washington DC as mayor rejects Trump's 'authoritarian push' How Trump's drive to his golf course shaped homeless crackdown
Yahoo
16 minutes ago
- Yahoo
Envelopes with unknown white powder found in ICE office in NYC: FBI
Federal authorities are investigating after envelopes containing an unidentified white powder were found at a government building in New York City that houses an Immigration and Customs Enforcement office, officials said Thursday. The incident occurred Thursday afternoon at 26 Federal Plaza, in Manhattan's Foley Square, New York City Mayor Eric Adams said. The five letters were found at about 4 p.m. in the mailroom of the ICE Enforcement and Removal Office on the ninth floor, according to the FBI. There are no known injuries or any threat to the public at this time, city officials said. "We are working to assess the potential threat," said Christopher Raia, FBI Assistant Director in Charge of the FBI's New York field office, during a press briefing Thursday evening. "In the majority of my experience, most of these incidents turn out to be nothing. However, this matter is not going to be taken lightly," said Raia, who noted that "sending threatening letters of this nature, whether real or a hoax, is a crime." MORE: Texas Democrats staying in Illinois evacuated over bomb threat Personnel in the ICE ERO office found the envelopes, according to Raia, who said two people were initially exposed. The substance is currently undergoing testing, officials said. Hazmat teams were on the ground "to ensure the safety of everyone inside and outside of the building" while awaiting the test results, the mayor said. The building was evacuated "per standard protocol," Raia said. New York City Deputy Mayor for Public Safety Kaz Daughtry said the city and federal partners are investigating and urged people to avoid the area. MORE: Judge orders DHS to improve conditions at New York City facility holding detained migrants The 41-floor office building is home to ICE's New York City field office, as well as the FBI's New York field office and an immigration court. It has made headlines and been the site of frequent protests over ICE operations in the city amid the Trump administration's crackdown on undocumented immigrants. A so-called "holding facility" for detained migrants is located on the 10th floor of the building. Following allegations of unsanitary conditions there, a federal judge this week ordered the Trump administration to ensure the facility is not overcrowded and that detainees are provided with hygiene products and confidential access to lawyers. The Department of Homeland Security denied the conditions in the facility were subprime. New York City Comptroller Brad Lander was arrested in June while observing proceedings at the building's immigration court. He was accused of assaulting law enforcement and impeding a federal officer but has not been charged.
