President Trump calls on the Fed board to assume control if Powell won't slash rates, police

nab a double murder suspect in Arkansas, and Australia's first attempt at orbit goes up in flames.

I'm Georgia Howe with Daily Wire Executive Editor John Bickley.

It's Friday, August 1st, and this is Evening Wire.

President Donald Trump is upping his slams against Federal Reserve Chair Jerome Powell.

In a fiery truth social post, Trump called the Fed chair a stubborn moron and urges the Fed board to take

control if Powell refuses to cut interest rates. Trump's post follows the Fed's decision to hold rate steady at 4.25 to 4.5 percent, despite

significant signs of economic growth. Fed governors Christopher Waller and Michelle Bowman dissented,

pushing for immediate rate cuts, citing Trump's tariffs and a week July jobs report.

It's the sharpest internal Fed division in decades.

The U.S. Treasury is sanctioning several entities tied to Iran's military drone programs.

Daily Wire White House correspondent Mary Margaret Ollahan has the exclusive.

The sanctions zero in on one individual and five companies across Iran, Hong Kong, Taiwan, and China.

The action blocks those linked to Iran's state-owned aircraft manufacturing industrial company,

which is the main supplier of drones to the Islamic Revolutionary Guard Corps.

Treasury under Secretary John Hurley warned the Iranian regime that the U.S. will act to disrupt

Iran's destabilizing agenda as they continue to develop drone capabilities against U.S.

troops and allies.

The sanctions block any U.S.-based assets tied to the listed individuals and companies

and borrow Americans from doing business with them without special authorization.

Pressure is mounting for the Trump administration to stop its support for the Gaza Humanitarian Foundation.

Daily Wire reporter Cassia Kiva has the latest.

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