Is Bessent a candidate for Fed chair?
The U.S. Treasury Secretary announced on Monday that he has accepted President Trump’s nomination to take over the role of Federal Reserve Chair, a position currently held by Jerome Powell. This comes after a few weeks of speculation regarding potential replacements. In remarks to Bloomberg News, the Secretary stated he would comply with the president’s […]
Bitcoin Set for a Significant July Amid Trump’s Actions and Fed Policies
Bitcoin and Cryptocurrency Market Update This year, the market for Bitcoin and cryptocurrency has ballooned to an impressive $3.4 trillion. It seems that US President Donald Trump is playing a role in this surge, making some bold predictions about crypto values. Currently, Bitcoin prices are approaching a peak of $112,000, recovering significantly from an April […]
Trump considers Fed position in early 2026 to choose Powell’s replacement
The Trump administration is looking at the upcoming Federal Reserve Commission vacancy in early 2026 as an opportunity to choose a successor for central bank chairman Jerome Powell, according to Treasury Department official Scott Bescent. “With the openings coming up in January, we thought it might be possible for someone to step up as chair […]
Bessent on aiming for Fed chair: ‘I will follow the President’s wishes’
Treasury Secretary Scott Bescent expressed his willingness to consider stepping in as Federal Reserve Chairman Jerome Powell’s replacement, as President Trump is eager to initiate changes within the central bank. When asked if he was seeking that role, Bescent mentioned he would align with the president’s decisions but appeared content in his current role. Various […]
Inflation Pressure Eases Significantly in May, Supporting the Case for Fed Rate Reductions
Fed’s Inflation Gauge Indicates Easing Price Pressures The Federal Reserve’s preferred inflation measure revealed that fundamental price pressures lessened in May, suggesting a stronger case for interest rate cuts as price growth continues to decline. The Personal Consumption Expenditure (PCE) Price Index, released by the Commerce Department, increased by 0.1% that month, pushing annual inflation […]
Inflation measure favored by the Fed increased to 2.7% in May
Recently released government data revealed that the Federal Reserve’s favored measure of inflation has risen more than anticipated, with annual rates exceeding the central bank’s 2% target. The Bureau of Economic Analysis reported that the Personal Consumption Expenditure Price Index increased by 0.1% in the last month, elevating annual inflation to 2.3%. When taking out […]
US dollar falls to a three-year low following report of Trump’s potential early Fed chair appointment
US Dollar Hits Three-Year Low Amid Fed Chair Speculation On Thursday, the US dollar dropped to its lowest point in three years, coinciding with news that President Donald Trump is likely preparing to announce his choice for the next chair of the Federal Reserve System. The Wall Street Journal’s index tracking the dollar’s strength relative […]
Stocks Find Support Before Fed Chair Powell’s Testimony
Market Update Currently, the S&P 500 Index is showing a slight increase of 0.25%, while the Dow Jones Industrial Average is down 0.09%. Meanwhile, the Nasdaq 100 Index has risen by 0.58%. E-Mini S&P Futures saw a rise of 0.21% in September, and E-Mini Nasdaq Futures increased by 0.56% during the same period. Stock indexes […]
Trump calls Fed Chair Powell ‘low IQ’ and claims interest rates are excessively high.
Trump Criticizes Fed Chairman Powell Ahead of Rate Decision President Donald Trump has once again voiced his disapproval of Federal Reserve Chairman Jerome Powell. This remark came while Powell was testifying before a Senate committee. During a press conference at the NAGO Summit in The Hague, Trump didn’t hold back, saying, “I think he’s terrible.” […]
Fed Chair Powell says the US economy is in a strong state
Powell Testifies on Economic Outlook Federal Reserve Chair Jerome Powell recently provided insights during a regular update to Congress about the state of the economy, interest rates, and upcoming challenges. In his opening remarks before the House Financial Services Committee, Powell stated that the economy is in a “solid position,” even as concerns grow. He […]