US Dollar Index holds steady above 98.00 as speculation around Fed Chair grows
The US dollar index shows some changes after losing over 0.5% on Wednesday. Trump is considering Kevin Hassett, former Fed Governor Kevin Wahsh, and a couple of others for the role of Fed Chairman. The CME FedWatch tool indicates a nearly 95% likelihood of a 25-basis point reduction in the Fed rate this September. The […]
Reasons Scott Bessent Could Still Be Chosen as Fed Chair
Bessent is ready for his next mission: Make Fred great again Scott Bessent is quite content in his role at the Treasury Department, and honestly, who wouldn’t be? Tax cuts are rolling out, trade agreements are reshaping economies worldwide, and deregulation is in full swing. But come next summer, the focus of economic policymaking is […]
Chair Candidates Face Off Against Interim Appointees for Fed Position
Internal discussions reveal a split among Donald Trump’s advisors about how to fill future Federal Reserve Commission vacancies. Some are advocating for temporary appointees while others suggest that the president engage with trusted successors to Chairman Jerome Powell. Federal Reserve Governor Adriana Coogler plans to resign on August 8, holding a position that is set […]
US Dollar Index (DXY) moves down to 98.50 as uncertainty surrounds the next Fed Chair
The dollar continued to decline on Wednesday, as focus shifted to potential candidates for Fed Chairman. Trump is likely to nominate someone aligned with his agenda, which seeks broader support for lower fees. Weak US economic data has reignited concerns about stagflation. On Wednesday, the US dollar was trading lower, influenced by recent macroeconomic data […]
Abbott takes legal action to oust Gene Wu from his position as Texas House Democratic Caucus Chair.
Texas Governor Files Lawsuit Against Democrat Chair Texas Governor Greg Abbott has initiated legal action aimed at removing Texas Democrat Chair Jean Wu from her position. This move comes amid ongoing tensions between Texas Democrats and Republicans. “What’s at stake here? I believe it’s nothing less than the future of Texas. If a few lawmakers […]
Chair of House Homeland Security visits ‘remarkable’ police training center on Long Island: ‘A truly unique place’
Nassau County Officials Host Rep. Andrew Garbarino at New Police Training Facility On Tuesday, officials in Nassau County unexpectedly invited U.S. Representative Andrew Garbarino, the newly appointed chair of the Homeland Security Committee, for an exclusive tour of their cutting-edge police training center. Republican lawmakers from the Empire State are eager to share their experience […]
NTSB Chair Criticizes FAA for D.C. Plane Crash
The National Transportation Safety Board (NTSB) has released troubling findings regarding last week’s helicopter crash in Washington, D.C., which resulted in the deaths of 67 individuals. NTSB Chairman Jennifer Homendy criticized the Federal Aviation Administration (FAA) for overlooking safety concerns. The NTSB has questioned officials from the FAA and U.S. Army about the series of […]
Grayscale brings in Wall Street experts as founder Barry Silbert takes back the role of chair.
Grayscale Investments Expands Leadership Team Grayscale Investments is taking steps toward its next growth phase by enhancing its leadership structure. The company has welcomed four experienced professionals to key positions and has reappointed founder Barry Silbert as chairman of the board. The new executives include Diana Chan as Chief Operating Officer, Ramona Boston as Chief […]
Democratic Party chair announces the beginning of the 2028 primary calendar planning this month.
2028 Primary Calendar Discussion Begins Ken Martin, chair of the Democratic National Committee (DNC), announced on Sunday that discussions regarding the 2028 primary calendar are set to commence later this month during a meeting in Minneapolis. In an interview with Chris Stirewalt on News Nation’s “Hil Sunday,” Martin shared, “This month we are set to […]
SEC Chair Gensler urges to bring crypto operations back to the US as firms return home
Crypto firms are starting to make their way back to the US, as their leaders are noticing a friendlier regulatory environment and a shift towards growth within the country. On Thursday, during a speech at the American First Policy Institute, SEC Chairman Paul Atkins emphasized the need to attract crypto businesses back to the US. […]