KENNEDY uncovers the true origin of Sydney Sweeney's 'Nazi' jeans ad... and it's not what the hysterical Left thinks it is
The joyless left is now branding buxom 'it' girl Sydney Sweeney a Nazi propagandist over an ad campaign for American Eagle jeans. In it the sleepy-eyed star is seen modeling baggy boyfriend jeans and a plunging jacket and peering out from under the hood of a classic car clad in denim.
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Telegraph
29 minutes ago
- Telegraph
Trump is wrong to pick a fight with Powell – but is right about interest rates
Visiting Scotland last week, Donald Trump used a joint press conference to mock Keir Starmer. He castigated Labour's policies on immigration, energy and much else. The Prime Minister sat awkwardly, sporting his trademark rictus grin. Trump has lately dished out plenty of public humiliation – not least aimed at Jerome Powell, chairman of the Federal Reserve. The president has put huge pressure on the Fed to lower interest rates, to boost US growth and ease interest payments on America's massive $36trn (£27.6trn) national debt. This jars badly with the conventional wisdom that central banks should be independent, allowing technocrat economists to set interest rates to bear down on inflation. That's far better for the economy in the long-run, but this precious independence is jeopardised when vote-hungry politicians seek to keep borrowing costs too low. Such independence has become an almost sacred policy concept over the last half century. And no central bank matters more than the Fed, which sets the course for monetary policy across the globe. Yet Trump, astonishingly, has lately called Powell a 'numbskull', a 'stubborn mule' and worse. On a recent Fed visit, he rebuked him over the cost of a refurbishment project – a potential pretext to sack Powell, which may not be legally possible, but which Trump often floats regardless. Between September and December last year, the Fed's committee of twelve rate-setters voted to lower the US benchmark interest rate three times from its post-Covid-peak of 5.25pc-5.5pc, in increments down to 4.25pc-4.5pc. But much to the president's frustration, rates have since stayed put. The Bank of England, meanwhile, has cut rates four times since last summer, including as recently as May, while the European Central Bank has enacted no less than eight eurozone rate reductions over the same period, the latest in June. Having held rates since the start of 2025, the Fed just did so again when governors met last Wednesday (although two Trump-appointees voted against, the biggest intra-Fed rate disagreement in thirty years). Fed policymakers are rightly worried about price pressures, with headline inflation hitting 3.7pc during the year to June, up from 2.4pc the previous month and well above the 2pc target. And Trump's era-defining slew of tariffs – taxes on imports into the US – means we could see a lot more inflation yet. With the President's three-month moratorium expiring this weekend, and tariffs now set to bite on some of America's largest trading partners, the Fed is understandably concerned. Powell insists the US economy is strong enough for the Fed to wait before further rate cuts, as we see if Trump's tariffs really do aggravate inflation. And last week's GDP numbers – a 3pc expansion from April to June – was certainly way above consensus forecasts, reversing a 0.5pc contraction during the first three months of the year, the worst quarterly performance since early 2022. This January to March shrinkage, though, was largely due to the huge rise in US imports as buyers sought to get ahead of Trump's expected tariff onslaught. And since 'liberation day' in April, when the President unveiled his tariffs on the White House lawn, imports into the US have plunged. This artificially boosted April to June GDP growth as the first-quarter trend unwound. Yes, consumer spending rose 1.4pc during the second quarter, outpacing the 0.5pc increase over the previous three months, supporting Powell's argument the economy is coping without further rate cuts. But 'final sales to private domestic purchasers', a key demand metric that the Fed watches closely, grew just 1.2pc over the latest quarter, slower than the 1.9pc increase between January and March. High mortgage rates are also holding back the housing market and related construction, as Trump relentlessly points out, with residential investment down 4.6pc during the second quarter. But that's part of a broader investment slump as business leaders look to see how the president's tariffs play out. For now, the market consensus is that the US economy is showing resilience, but more rate cuts may be justified as long as inflation isn't further provoked. So Trump's attacks on Powell are based on legitimate economic analysis. Yet his language is way over the top. Some say the president is picking headline-grabbing fights with the Fed chair to detract from mounting criticism over his handling of the Epstein files. I suspect he simply wants lower rates and, for now at least, Powell stands in his way. Ironically, it was Trump who appointed Powell in 2017. But having repeatedly called for him to resign, the president seems certain to replace him when Powell's term expires next May. In the meantime, Trump's ceaseless undermining of central bank independence is deeply damaging. Yes, the Fed has a 'dual mandate' to pursue both price stability and full employment, unlike the solely inflation-focussed aims of most other central banks. But while Trump's arguments may be technically valid, it should absolutely not be him making them, nor anyone else near the top of government. Given the tone he has set, though, Powell's successor will be seen as the president's lackey. And with US and global inflation far from tamed, that could end up being a serious problem. My general view is that central bank independence is far more important than any individual central banker. Andrew Bailey, for instance, has shown seriously bad judgement at the Bank of England – endlessly insisting post-Covid inflation would be 'transitory', for instance, while deriding those of us who correctly predicted otherwise. His appointment was a mistake, but he should stay, free from the threat politicians might remove him, until his term expires in March 2028. The same applies to Powell and far more so – he should serve his full term.
Daily Mail
29 minutes ago
- Daily Mail
As Kristen Stewart debuts unrecognisable new hairdo, can YOU identify the celebs after their dramatic hair transformations?
Kristen Stewart shocked fans with a striking change to her appearance, ditching the blonde locks she has rocked for months in favour of a more eye-catching hue. The American actress, 35, unveiled a pinkish-orange dye job while strolling LA's Griffith Park with wife Dylan Meyer on Sunday. Showcasing her new look, Kristen pulled her tousled tresses into a messy bun, leaving out face-framing bangs. Although she has primarily favoured a blonde-dyed appearance in recent years, the actress was once best known as a brunette after rising to prominence in the Twilight films. But while many were left in a frenzy over the shocking makeover, it's not the first time that a celebrity's new hair do has left admirers stunned. In July, Maura Higgins showed off a dramatic, temporary new look as she posed for Instagram photos at the Formula One British Grand Prix at Silverstone. The Irish Love Island star, 34, looked strikingly different as she ditched her usual long brunette tresses revealing her new edgy short hair do to her four million followers. Below, FEMAIL reveals the other stars who have undergone a major style change which left fans doing a double take.. so, how many do you recognise? Find out the correct answers underneath the first selection of images. However, not all the shocking hair transformations are permanent. Maura, for instance, revealed she was actually wearing a wig as she headed to the race with hair brand, TRESemmé. The TV personality teamed the new hairstyle with a branded TRESemmé black cropped bomber jacket which she wore with leather trousers. Maura shared a second snap in black and white as she overlooked the track at the Silverstone circuit while holding a racing helmet. She wrote: 'Back on the grid'. Meanwhile, in May, Cara Delevingne looked worlds away from her usual look as she stepped out at The History Of Sound premiere during Cannes Film Festival. The British model, 32, looked unrecognisable as she ditched her signature blonde tresses for a dark brunette wet-look fringed hairstyle. Known for changing up her look, she cut a stylish figure in a deep red gown with a billowing princess-style skirt as she confidently strutted her stuff on red carpet. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 1. 2. 3. 4. 5. 6. 7. 8. 9. Former Pussycat Doll Nicole Scherzinger is better known for her long dark locks - but mixed things up last year when she unveiled a short blonde look 10. 11. 12.
The Sun
an hour ago
- The Sun
WWE SummerSlam 2025 LIVE RESULTS: Seth Rollins cashes in, CM Punk wins title, Logan Paul prevails vs Jelly Roll
THIS year's SummerSlam has been booked as a two-night extravaganza - and night 1 included some title changes, surprise returns and a series of incredible performances. CM Punk became World Heavyweight Champion at SummerSlam after an impressive victory over Gunther and held on to the title for about five minutes. But Punk lost the title to his nemesis Seth Rollins who proved his knee injury was actually a work and cashed in his Money in the Bank contract. Meanwhile, Logan Paul got his revenge on Jelly Roll by beating him after smashing the musician through an announce desk. Follow ALL of the latest from SummerSlam below...
