Trump Outmaneuvers the Fed for a Major Victory
Last Friday, the Department of Justice issued a grand jury subpoena to the Federal Reserve. This pertains to Chairman Jerome Powell’s Congressional testimony concerning renovations to Fed buildings. Chairman Powell expressed strong disapproval, emphasizing that the focus should remain on the independence of the Fed and interest rates. Now, whether Powell is accurately highlighting the […]
EUR/USD stays low as it waits for US manufacturing figures and comments from Fed officials
As of Thursday, the EUR/USD pair remained constrained just under 1.1640, trading around 1.1635. This is concerning because it’s nearing a one-month low of 1.1618, despite some encouraging Eurozone industrial production numbers that came out earlier. According to Eurostat, industrial production in the Eurozone rose by 0.7% in November, against expectations for a slowdown to […]
Jeanine Pirro stands up for Fed Chairman Jerome Powell amid criminal probe
U.S. Attorney for the District of Columbia, Jeanine Pirro, has criticized Federal Reserve Chair Jerome Powell, asserting that “no one is above the law” in light of a new investigation into the Federal Reserve. During an appearance on “Hannity,” Pirro conveyed that the investigation is simply part of their responsibilities, remarking, “The Chairman is saying, […]
Wells Fargo reports increased profits after the Fed lifts asset restrictions
Wells Fargo Ends 2025 with Boosted Profits Wells Fargo finished 2025 on a strong note, reporting increased profits driven by higher revenue from loans and fees. This comes as the U.S. economy stays robust, and the bank is poised to surpass asset limits that the Federal Reserve placed in response to the fake account scandal. […]
Central Bank Leaders Express Complete Unity With Jerome Powell of the Fed
Global Central Bank Leaders Stand by Powell A collective of central bank leaders from twelve nations, including prominent figures from Europe and beyond, voiced their support for Federal Reserve Chairman Jerome Powell following his statements against the U.S. president. In a joint letter released on Tuesday, they expressed “full solidarity” with Powell, emphasizing his integrity. […]
Bitcoin returns to $93K following December CPI report as traders anticipate Fed pause
Bitcoin’s Recent Price Surge Following Inflation Data Bitcoin saw a bounce back to $93,000 after U.S. inflation numbers increased by 0.3% in December. This rise has heightened the belief that the Federal Reserve might not raise interest rates in their upcoming meeting. Traders are trying to balance the uptick in headline inflation with slower figures […]
Who Decides on the Next Fed Chair?
Why Trump Will Decide the Next Fed Chairman Regardless of Senate Dynamics Jerome Powell’s recent public criticism of the Trump administration opened the door for President Trump to name the new leadership of the Federal Reserve Board without needing Senate approval. In a rather unprecedented move, Fed Chairman Jerome Powell released a video accusing the […]
EUR/USD stabilizes as US inflation figures support a careful Fed perspective.
On Tuesday, the euro (EUR) held its ground against the US dollar (USD) as traders showed only moderate reactions to the latest inflation data from the U.S. Currently, EUR/USD is trading around 1.1667, holding steady while the dollar shows a generally strong tendency. The U.S. Bureau of Labor Statistics reported that the Consumer Price Index […]
Wall Street leaders criticize DOJ Fed investigation into $2.5B ‘Palace of Versailles’ headquarters renovation: ‘not helpful’
JPMorgan’s CEO Critiques Fed Investigation Jamie Dimon, the Chief Executive of JPMorgan Chase & Co., voiced strong criticism regarding the Trump administration’s decision to investigate Federal Reserve Chairman Jerome Powell over the $2.5 billion renovation of the Fed’s headquarters. He raised concerns that undermining the central bank’s independence might not only increase interest rates but […]
Trump reduces the list of candidates for Fed chair as Powell faces a criminal investigation.
Fed Chairman Powell Acknowledges Criminal Investigation by Justice Department Jerome Powell, the Chairman of the Federal Reserve, has confirmed that the central bank is under scrutiny from the Justice Department regarding claims related to his Congressional testimony about renovations at the Fed’s headquarters. This investigation is, well, rather unusual and seems to signal an escalation […]