GBP/USD stays close to 1.3540 as traders look forward to the Ukraine-Russia outcome and Powell’s speech.
GBP/USD remains steady amid hopes for a ceasefire between Trump and Putin, offsetting a quiet economic calendar. Market awaits Powell’s speech at Jackson Hole, along with FOMC Minutes and US PMI data. The UK’s CPI is anticipated to be 3.7%, adding pressure on the BOE after a 25 bps cut in the last meeting. The […]
Upcoming Week for Bitcoin: Significant Volatility Decline as Powell’s Jackson Hole Speech Approaches
Market Calm Ahead of Fed’s Jackson Hole Speech Traders are gearing up for the upcoming speech from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, taking place from August 21st to 23rd. There’s a sense of calm across various asset classes as everyone watches closely. Bitcoin’s implied volatility, tracked by Volmex’s BVIV and […]
Trump May File Lawsuit Regarding Powell’s Oversight of Federal Properties
Trump Criticizes Fed Chairman Powell On Tuesday, President Donald Trump directed criticism at Federal Reserve Chairman Jerome Powell, labeling him a “loser” in a post on social media. In his statement, Trump mentioned, “Jerome ‘too late’ Powell now has to lower his rate. Steve ‘Manuitin’ really gave him a ‘beauty’ when he pushed this loser.” […]
Trump names Stephen Miran as his choice for the Federal Reserve board amid rumors about Powell’s replacement.
Trump Appoints Economic Adviser to Federal Reserve In a recent move, President Trump appointed Dr. Stephen Miran, a key economic advisor, to fill a vacant seat on the Federal Reserve Board. This decision comes shortly after Chairman Jerome Powell faced pressure to resign or take action on interest rates amidst ongoing economic discussions. Trump announced, […]
Powell’s Fed is stifling growth just as the recovery begins.
Just two days after Federal Reserve Chairman Jerome Powell chose to keep interest rates unchanged, the Bureau of Labor Statistics released some disappointing news regarding the US economy. In July, job creation fell significantly short of expectations, with adjustments revealing a weaker job market in both May and June. The unemployment rate for July now […]
EUR/USD falls as Powell’s firm stance and robust US GDP data impact the Euro
The FED’s Stance and Currency Movements The Federal Reserve remains stable, but Jerome Powell is cautious about inflation and tariffs, adopting a hawkish tone. Recent US GDP and labor data have exceeded expectations, reinforcing the Fed’s position on higher interest rates. The EUR/USD pair is at risk of further decline due to Eurozone growth issues […]
Trump Visits Powell’s Area, Takes Aim at the Fed
WASHINGTON – President Donald Trump is voicing his concerns regarding cost overruns related to Federal Reserve reforms during a recent site visit with Chairman Jerome Powell. Trump, who has been urging the Fed to reduce interest rates, indicated that exceeding the budget is not a reason for dismissal. He posed a rhetorical question, “As a […]
Scott Bessent Suggests When Trump Could Announce Powell’s Successor
Treasury Secretary Announces Potential Changes at the Federal Reserve Treasury Secretary Scott Bescent mentioned in an interview on Fox News’ “Ingraham Angle” that the Trump administration is expected to nominate new candidates for the Federal Reserve Chair by December or January. Relations have been strained between Fed Chairman Jerome Powell and the Trump administration lately, […]
Forex Today: US Dollar faces challenges in regaining strength as Trump and Powell’s disagreements intensify
Key Updates for Tuesday, July 22nd The US Dollar (USD) started the week facing challenges, showing significant losses against major currencies on Monday. Although it maintained some stability early Tuesday, investors seemed hesitant to jump back into the market. Much of the focus remains on the ongoing conflict between US President Donald Trump and Federal […]
Bessent criticizes ‘leakers’ following report about Powell’s advice
Treasury Secretary Scott Bescent expressed frustration over a recent leaker, referencing a report from The Wall Street Journal that discussed President Trump’s comments. Trump himself criticized the report on Sunday. During a CNBC interview on Monday, Bescent was questioned about the authenticity of the Journal’s claims and his conversations with Trump regarding Federal Reserve Chair […]