Bitcoin investor feelings dampen due to concerns over US shutdown and Fed policies
Key Insights Recent data indicates that professional traders are willing to pay additional fees in order to safeguard against potential price drops in Bitcoin. While gold has reached new all-time highs, Bitcoin seems to be plateauing as investors lean towards more traditional safe-haven assets. On Sunday, Bitcoin (BTC) experienced a slight increase of 1.5%, hovering […]
Act now for a better credit card interest rate instead of waiting for Trump’s 10% limit or Fed cuts.
Trump Proposes Credit Card Interest Rate Cap Amid Mixed Reactions Last week, President Trump reiterated his push for a temporary cap on credit card interest rates. He argues that this could assist numerous Americans in saving for home ownership. In a speech at the World Economic Forum in Davos, Switzerland, he stated, “I’m asking Congress […]
Bitcoin price update: BTC below $88,000 before Fed week and major tech earnings
Bitcoin Experiences Decline Below $88,000 On Sunday, Bitcoin dipped below the $88,000 mark, continuing a downward trend that affected the cryptocurrency market last week. It seems brokers were less active during the weekend, leading to a somewhat muted trading atmosphere. By the afternoon in the U.S., BTC was hovering around $87,800, down roughly 2% over […]
Lisa Cook’s Supreme Court Case Highlights the Senate’s Overlooked Fed Veto
Senate Can Stop Fed Packing On Wednesday, the Supreme Court heard arguments regarding Trump vs. Cook. This case explores whether President Trump can dismiss Federal Reserve Governor Lisa Cook based on allegations of mortgage fraud. Justice Brett Kavanaugh raised concerns, suggesting that giving the president too much leeway in firing decisions could undermine the Federal […]
Scott Bessent Criticizes Jerome Powell for Supporting Fed Official Accused of Mortgage Fraud
Criticism of Federal Reserve Chair Treasury Secretary Scott Bessent expressed concerns at the World Economic Forum (WEF) on Wednesday, suggesting that Federal Reserve Chairman Jerome Powell has recently infused politics into the central bank by backing troubled governors. Bessent’s criticism targeted Powell amid reports that President Donald Trump is set to attend a Supreme Court […]
Who is Lisa Cook? The Fed governor involved in Trump’s legal issues
Lisa Cook’s Historic Journey with the Federal Reserve Lisa Cook’s journey as president of the Federal Reserve Board is nothing short of significant. Appointed by former President Joe Biden in 2022, she made history as the first Black woman to take on this crucial role. The seven-member board plays a key part in setting the […]
Trump may announce his choice for Fed chair next week, according to Treasury Secretary Scott Bessent.
Potential Decision on Next Fed Chair by Trump Soon Treasury Secretary Scott Bessent indicated on Tuesday that President Trump’s choice for the next Federal Reserve chair could arrive as soon as next week. The president has streamlined his options to four nominees to succeed Jerome Powell, the current Fed chairman. The candidates are former Federal […]
JPMorgan verifies Trump’s statement that CEO Dimon was not given the Fed chair position
Dimon Clarifies Fed Chairman Rumors On Saturday, Jamie Dimon, the CEO of JPMorgan Chase & Co., stated that he hadn’t been approached about the Federal Reserve chair position. This came shortly after he refuted claims that President Trump had extended an offer to him for the role. This week, the Wall Street Journal reported Trump […]
Why Not Embrace Some Sunlight? Bessent Explains to Welker How the Fed Can Be Both Independent and Responsible
Federal Reserve Investigation and Independence Treasury Secretary Scott Bessent discussed the Federal Reserve’s independence during an interview with NBC’s Kristen Welker on “Meet the Press.” He remarked that while the Fed can operate independently from the administration, it could still face investigations and other forms of oversight. On January 11, the Department of Justice (DOJ) […]
Rick Rieder, a candidate for Fed chairman, meets with Trump’s team.
Rick Rieder’s Interview for Federal Reserve Chair During a recent interview regarding the Federal Reserve chair position, Rick Rieder, a leading executive at BlackRock, addressed several significant topics. These included the central bank’s profitability and the stability of monetary policy, as indicated by a senior administration official. The conversation took place in the Oval Office, […]