Trump intends to appoint Kevin Warsh as the next chair of the Federal Reserve, according to sources.
Former Federal Reserve Board member Kevin Warsh is reportedly being nominated by President Trump to take over Jerome Powell’s position as Federal Reserve Chairman. Trump met with Warsh, who also teaches at Stanford University, on Thursday. Following their discussion, he called Warsh to offer him the role, and Warsh accepted, according to sources. Recently, Rick […]
Federal Reserve connects tariffs to a decrease in US job growth rates
Tim Boyle, the CEO of Columbia Sportswear, discussed tariffs’ impact on products and holiday shopping during an exclusive chat on “The Craman Countdown.” An analysis by the Federal Reserve Bank of Kansas City reveals that tariffs might have hindered job growth in the U.S. economy, particularly after the increase in import taxes. Economists from the […]
Federal Reserve is expected to hold off on cutting interest rates during the January meeting
Federal Reserve Interest Rates Hold Steady The Federal Reserve policymakers are broadly expected to keep interest rates unchanged at their upcoming meeting on Wednesday. This decision comes as officials navigate persistent inflation and a softening labor market. The Federal Open Market Committee (FOMC) is likely to maintain its target for the federal funds rate between […]
Tucker Carlson questions Peter Schiff about Bitcoin as a potential new global reserve currency.
Peter Schiff Critiques Bitcoin in Interview In a recent chat with media figure Tucker Carlson, Peter Schiff, a vocal advocate for gold, reiterated his critical stance on Bitcoin and the entire cryptocurrency scene. During the discussion, Schiff described Bitcoin (BTC) as a speculative tool lacking “real use,” and expressed concern that the US strategic reserve […]
Supreme Court questions Trump’s efforts to remove Lisa Cook from the Federal Reserve
Supreme Court’s Stance on Trump’s Attempt to Dismiss Fed President On Wednesday, the Supreme Court indicated that it is unlikely to support President Trump’s attempt to remove Federal Reserve President Lisa Cook, as the justices engaged in a lengthy discussion about the restrictions on the executive branch’s authority to dismiss employees of an independent agency. […]
Kavanaugh challenges Trump’s power to dismiss Federal Reserve Governor Cook
Supreme Court Highlights Tensions Over Federal Reserve Independence During oral arguments on Wednesday, Justice Brett Kavanaugh raised concerns that supporting President Donald Trump in the case involving Federal Reserve Governor Lisa Cook could jeopardize the independence of the Federal Reserve. Kavanaugh pressed Attorney General John Sauer, who represented the administration, about his stance that only […]
Supreme Court considers Trump’s authority to fire with input from Lisa Cook of the Federal Reserve
Supreme Court to Review Trump’s Attempt to Dismiss Federal Reserve President The Supreme Court is gearing up to review President Trump’s effort to fire Federal Reserve President Lisa Cook, a situation that’s attracting a lot of attention for its potential to reshape the relationship between the president and the central bank. Last fall, Trump’s legal […]
Steak ‘n Shake Increases Bitcoin Investment by $10 Million Alongside BTC ‘Strategic Reserve’
Simply put Restaurant chain Steak ‘n Shake has reported a $10 million increase in its Bitcoin exposure. The company has previously established a Bitcoin reserve, which encompasses all BTC payments made to its businesses. After beginning to accept Bitcoin payments last year, Steak ‘n Shake has attributed rising sales partly to this decision. American restaurant […]
Several States Join Texas in Starting Bitcoin Reserve Programs
Texas First State to Acquire Bitcoin for Treasury Texas has made headlines by becoming the first state in the U.S. to purchase Bitcoin for its public treasury, igniting what many experts refer to as a “primary race” among other states eager to embrace digital assets. This initiative is part of a growing trend where states […]
Expert suggests Trump’s policies reduce the importance of the Strategic Petroleum Reserve
Shift in the Role of the U.S. Strategic Petroleum Reserve The United States’ emergence as a significant oil producer has diminished the Strategic Petroleum Reserve’s (SPR) importance for national security and economic stability. This reflection comes amidst debates about President Joe Biden’s decision to draw down the reserve to its lowest modern levels, according to […]