President Donald Trump criticized Federal Reserve Chair Jerome Powell over his warning that tariffs will fuel inflation and joblessness. Powell stated that the US faces an uncertain outlook with elevated risks of higher unemployment and inflation. In response, Trump urged Powell to cut interest rates and stop playing politics on social media. The odds of a U.S. recession this year have increased above 60 percent, according to prediction market Kalshi.

Former House Speaker Nancy Pelosi’s net worth has fallen by approximately $7 million due to Donald Trump’s tariff announcement. Pelosi, who consistently ranked as one of the wealthiest lawmakers on Capitol Hill, had doubled her net worth over the past decade from $123 million in 2014 to an estimated $270 million earlier this year.

According to JPMorgan analysts, there is a 60% likelihood of a recession in the US, up from their previous prediction of 40%. The bank attributes this risk to tariff policies implemented by President Trump, which they believe will disrupt global trade and lead to rising prices for American consumers. This could result in months of decreased investment, job losses, and continued inflation.

Guernsey's new bank notes, set to enter circulation in 2027, will feature images of the island's natural and built landscape, without a portrait of the King. The designs were selected from 26 submissions and will be created by artist Hayley Mallett and photographer Rachael de la Mare for the front of the notes, while urban architect Natasha K.HE designed the back. The notes' last redesign in the 1990s featured Queen Elizabeth II's portrait, but this new design focuses on Guernsey itself, aiming to evoke pride and joy among islanders.