Trump says US economy in ‘transition’ and again urges Fed to cut rates – live

Trump called the US economy in a ‘transition stage,’ citing strong jobs and tariffs, while urging the Fed to cut rates amid slightly slower April job growth

The seeds were sown for the ousting of Mike Waltz as national security adviser long before “Signalgate”, notes Politco.

The outlet reports that his approach to the job was unpopular and Waltz was seen as too cocky. One person close to the White House said:

He’s a staff, but he was acting like a principal.

Waltz has been on thin ice for a while. [Signalgate] made the ice thinner but at the same time … may actually save him for now because they don’t want to give [Jeffrey] Goldberg a scalp.