Texas governor shows backing for Bitcoin reserve legislation.
Texas Moves Towards Cryptocurrency Reserve Texas Governor Greg Abbott has expressed his support for a new bill approved by the state House of Representatives that aims to create a strategic cryptocurrency reserve. On May 22, Abbott posted an update regarding Texas legislators’ efforts to establish Bitcoin (BTC) reserves. It’s noted that the decision to pass […]
Trump has the authority to dismiss heads of independent agencies, but not those at the Federal Reserve.
Supreme Court Ruling on Trump’s Authority On Thursday, the Supreme Court approved a request from the Trump administration, allowing the president to remove members of a specific independent federal agency. However, it clarified that this ruling does not apply to the Federal Reserve system. This decision reinforces a temporary order issued earlier on April 9th, […]
Federal Reserve official cautions that markets are seeking higher rates on US Treasury bonds
Discussion on Economic Impacts of Tariffs and Interest Rates Federal Reserve Governor Christopher Waller recently spoke with Edward Lawrence from Fox Business about how President Donald Trump’s tariffs are affecting the US economy, particularly in relation to interest rates. Waller pointed out that financial markets reacted to the anticipated deficit from the Congressional Republican tax […]
Strive aims for 75,000 Bitcoin from Mt. Gox claims to create a Bitcoin reserve.
Vivek Ramaswamy’s Strive is attempting to accumulate Bitcoin by buying distressed Bitcoin claims at a reduced price, starting with a stake tied to 75,000 Bitcoin from the bankrupt Crypto Exchange Mt. Gox. On May 20, the company announced a partnership with 117 Castell Advisory Group LLC to target resolved Bitcoin (BTC) claims that are still […]
Federal Reserve plans to reduce workforce by 10% over the next few years
Federal Reserve Plans Workforce Reduction Kudlow panelists David Bahnsen and Ej Antoni are currently discussing the potential removal of Jerome Powell, the chair of the Federal Reserve, from his position. According to a memo obtained by Fox Business, the Federal Reserve is planning to reduce its workforce by 10% over the next few years. Powell […]
Federal Reserve policies widened the gap in income inequality while billionaires gained significantly over the last four years.
Economic specialists are noting that the wealth gap among the richest citizens has widened even further following the Covid-19 pandemic. “It appears that the federal regulations and taxes, if any, aren’t particularly favorable toward big businesses or the wealthy,” economist Peter St. Onge mentioned in a phone conversation. He believes the Federal Reserve is contributing […]
Why the Federal Reserve may struggle to keep up as worries about a recession grow
Economic performance indicators can sometimes feel a bit outdated. You see, “soft data,” which reflects emotions and expectations, often has a forward-looking perspective. However, there’s noticeable tension between what market players anticipate and what Federal Reserve officials observe. Currently, homes and businesses are shifting toward a more pessimistic outlook. They worry about an economic slowdown […]
Trump Misled Into Supporting XRP for Crypto Reserve: Here’s the Story
XRP made some quiet advancements recently, particularly when Brian’s payment client influenced events on March 2nd. This followed President Trump’s call for the development of “strategic encryption” for certain tokens alongside Solana and Cardano. The following hours were quite eventful, perhaps even chaotic. What led to Trump’s XRP mention? The whole situation kicked off at […]
Trump criticizes Powell after the Federal Reserve maintains interest rates: ‘FOOL’
President Trump expressed strong criticism of Federal Reserve Chairman Jerome Powell on Thursday, a day after the central bank decided to maintain interest rates. “‘Too late’ Jerome Powell is a fool and has no clue,” Trump posted on his Truth Social Platform. “Otherwise, I really like him!” He continued, “The trajectory of oil and energy, […]
Federal Reserve maintains interest rates despite pressure from Trump
The Federal Reserve opted to keep interest rates steady, maintaining the Fed funds rate between 4.25% and 4.5%, a range it has held since December. This decision comes amid growing economic uncertainty linked to Trump’s ongoing trade disputes. In their recent policy statements, Fed officials noted increasing risks of rising inflation and unemployment, highlighting that […]