Powell states he will stay at the Federal Reserve while the DOJ examines him.
Federal Reserve Chairman Powell Stays Amid Investigation Jerome Powell, the Chairman of the Federal Reserve, announced that he will remain at the central bank while the Justice Department investigates claims related to his testimony. “I will not resign until the investigation is fully resolved with transparency and finality,” he stated. Powell indicated that, should a […]
Federal Reserve keeps interest rates unchanged for the second consecutive meeting
Federal Reserve Keeps Interest Rates Steady Amid Economic Uncertainty On Wednesday, Federal Reserve Chairman Jerome Powell announced that interest rates would remain unchanged for the second consecutive meeting. This decision follows three rate cuts in the latter half of 2025. The current benchmark interest rate is set between 3.5% and 3.75%, influenced by ongoing conflicts […]
Federal Reserve anticipates just one interest rate reduction in 2026 due to economic uncertainty
Federal Reserve Maintains Interest Rates Amid Economic Uncertainty The Federal Reserve has decided to keep interest rates steady, a move elicited by rising uncertainties around the impacts of the ongoing Iran conflict on the economy and its implications for monetary policy. This decision raises questions about the likelihood of rate cuts later in the year. […]
Penguins put Sidney Crosby on injured reserve due to Olympic injury
Canada’s star athlete Sidney Crosby, pivotal in the gold medal match against the United States, has been placed on injured reserve by the Pittsburgh Penguins as of Wednesday. At 38 years old, Crosby is expected to sit out for at least four weeks due to a lower-body injury he sustained during Canada’s quarterfinal victory over […]
Kevin Hassett urges the New York Federal Reserve to take action against economists for their tariff studies
Economic Advisor Critiques Tariff Study In a recent discussion, White House economic adviser Kevin Hassett voiced strong opinions about a study from the New York Federal Reserve. This study suggested that the majority of the burden from tariffs implemented during the Trump administration fell on American businesses and consumers. Hassett’s comments were pointed: “This paper […]
Global Conflicts Increase Large Gold Reserve Holdings – Current Crude Oil Prices
Gold Prices Surge As Central Banks Ramp Up Purchases Gold prices have seen a steep rise, climbing over 230% since 2020. This surge coincides with central banks across the globe undertaking the most significant wave of gold purchases seen in modern history. For many nations, gold is more than just a safe investment— it’s increasingly […]
Trump’s Project Vault is the modern equivalent of the Strategic Petroleum Reserve.
Since the onset of the coronavirus pandemic, many Americans have gained a newfound understanding of rare earth elements and the uncomfortable truth that China has a tight grip on their mining and processing. Virtually everything manufactured today—think fighter jets, medical devices, and cameras—relies on these materials, and our dependence on China has become quite evident. […]
Examining President Xi’s renewed effort for the yuan to become a global reserve currency – what China would need to sacrifice
Experts Discuss China’s Economic Strategies Experts suggest that the upcoming steps will be incremental. “The Chinese government is probably going to concentrate on broadening currency swap agreements with its trading partners, as well as increasing the use of the renminbi in trade settlements, particularly with commodity exporters,” Su pointed out. Additionally, Su mentioned that “extending […]
Strategy Acquires Additional Bitcoin While $50 Billion BTC Reserve Is Still in the Red
Simply put Strategy, a publicly traded bitcoin treasury firm, invested $90 million to acquire 1,142 bitcoins last week. The firm holds nearly $50 billion in Bitcoin, which is less than its total investment in the cryptocurrency. Bitcoin has dropped over 23% in the past month and was recently trading around $69,000. Strategy, recognized as the […]
Stephen Miran, a governor of the Federal Reserve, steps down from his position in the White House
Stephen Milan Resigns from Economic Advisers Council Stephen Milan has stepped down as chairman of the White House Council of Economic Advisers, concluding a controversial dual role he held in both the Federal Reserve and the Council. This resignation was confirmed by White House press secretary Khush Desai late Tuesday. Milan, appointed to the Fed’s […]