Donald Trump is showing why independent central banks are a good idea. The president’s double tirade against Federal Reserve Chairman Jerome Powell on Thursday conjured another dark cloud over financial markets and an economy repeatedly traumatized by his tariff and trade-war chaos.

California is suing the Trump administration over its tariffs, accusing President Donald Trump of overstepping his authority in upending the global trade order and causing “immediate and irreparable harm” to California’s economy.

California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president's authority to impose sweeping tariffs that have set off a global trade war. The lawsuit argues that President Donald Trump's use of the International Emergency Economic Powers Act to impose tariffs on Mexico,

California is taking on President Donald Trump - from immigration to economics, to the future of the Democratic party, the biggest national battles are playing out right here in the Golden State. FOX 11's Elex Michaelson,