Caroline Hepker

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I'm Caroline Hepker.

Federal Reserve officials have shown surprising caution about cutting interest rates, which could widen the central bank's rift with the White House.

Minutes from January's meeting showed policymakers seeing the US labour market stabilising, but inflation still stubbornly high.

Now that puts the central bankers at odds with President Trump, who has repeatedly said that he wants the next Fed chief to deliver sharply lower interest rates.

Morgan Stanley's chief U.S.

Secretary of State and CIO Mike Wilson says that ultimately the Fed will cooperate with the Treasury.

Well, good to stand is Mike Wilson speaking there.

Meanwhile, the New York Fed came under attack from the White House's National Economic Council director, Kevin Hassett, for publishing a study showing U.S.

companies and consumers were bearing the vast majority of the costs of tariffs.

Now, Meta CEO Mark Zuckerberg says Instagram's age limits are very hard to police and he downplayed how much teenage users drive revenue.

The world's fifth richest person told a court in Los Angeles that the company had gotten to the right place on the issue of young people facing social media addiction.

Tech companies are facing a global backlash stemming from the impact of their platforms and how they're policed.

The UK Minister for Victims, Alex Davis-Jones...

says that social media firms have a lot to answer for.

Alex Davies-Jones and her government plan to introduce rules requiring firms to remove abusive images from their sites within 48 hours in the UK or face fines.

But action against these mostly American companies may put countries on a collision course with the Trump administration, which has lashed out at attempts to regulate US tech giants.

Former South Korean President Yoon Suk-yool has been found guilty of leading an insurrection and sentenced to life in prison.