Federal Reserve overlooked questions regarding Powell’s testimony to Congress.
Federal Reserve Chairman Jerome Powell has reportedly “ignored” multiple requests from prosecutors, which led the Justice Department to employ “legal means” to gather information regarding his testimony to Congress regarding changes to the Federal Reserve system, according to U.S. Attorney Jeanine Pirro. Pirro, who is the leading federal prosecutor in Washington, D.C., downplayed alarming rumors […]
Senator Thom Tillis from the GOP plans to prevent any of Trump’s Federal Reserve nominees due to the inquiry into Powell.
Tillis Blocks Trump’s Fed Nominee Amid Powell Investigation North Carolina Senator Thom Tillis announced on Sunday that he plans to block President Trump’s nominee for the Federal Reserve, in light of a Justice Department investigation into Chairman Jerome Powell. This decision from Tillis could make it more complicated for the Senate Banking Committee, which includes […]
Tillis vows to prevent Trump’s Federal Reserve nominee due to Powell inquiry
Senate Republicans are gearing up to block President Donald Trump’s actions regarding Federal Reserve Chairman Jerome Powell’s potential successors. Senator Thom Tillis (R-N.C.) stated that he will oppose any future nominations for Fed chair after it was revealed that Powell is under investigation related to his testimony about Federal Reserve reforms. “If there was ever […]
Australian Dollar increases as US Dollar falls amid Federal Reserve probe
The Australian dollar (AUD) rebounded against the US dollar (USD) on Monday, reversing three days of losses. This increase in the AUD/USD pair coincided with a decline in the dollar, potentially tied to emerging worries about the Federal Reserve’s stance. A criminal investigation has been initiated by federal prosecutors concerning Federal Reserve Chair Jerome Powell. […]
Federal Reserve Chair Jerome Powell being examined over office renovation: report
The U.S. Attorney’s Office for the District of Columbia has initiated a criminal investigation into Jerome Powell, the Chairman of the Federal Reserve. This inquiry centers around the renovation of the Fed’s headquarters and whether Powell’s statements to Congress about the project were accurate. Sources informed The New York Times that the investigation aims to […]
Venezuela’s 3% Bitcoin reserve may impact Bitcoin’s price: Here’s how
Venezuela’s Bitcoin Holdings and Their Implications Venezuela reportedly possesses around 600,000 Bitcoins (BTC). With President Nicolas Maduro now in custody, any potential U.S. seizure of these coins could lead to lengthy legal disputes, possibly dragging on for years. This situation means that roughly 3% of the total Bitcoin supply might effectively be sidelined, potentially never […]
Raiders comment on Maxx Crosby’s injury reserve choice
Raiders Place Max Crosby on Injured Reserve The Las Vegas Raiders made the decision to place defensive end Max Crosby on injured reserve, officially ending his season. This move comes as there has been some tension regarding Crosby’s reaction to the situation and the upcoming game against the New York Giants. According to reports, Crosby […]
US Dollar’s Position as Global Reserve Currency: USD Share Falls to Lowest Since 1994
Central banks diversify their reserves with smaller “non-traditional reserve currencies.” The proportion of US dollar assets held by central banks dropped to 56.9% of total reserves in the third quarter, marking the lowest level since 1994. This decline, from 57.1% in the previous quarter and 58.5% in the first quarter, is revealed in the latest […]
Trump administration slowly replenishing the Strategic Petroleum Reserve
Trump Administration Aims to Replenish Oil Reserves The Trump administration is working to “gradually” restore emergency oil reserves that were partly depleted during the Biden administration. In recent months, President Trump and his team have highlighted the decline in energy and oil prices, while Democrats are adjusting their messaging after a setback in the 2024 […]
Federal Reserve reduces rates for the third time in a row, indicates just one cut in 2026.
Fed Cuts Rates Again Amid Economic Uncertainties At a recent meeting, the Federal Reserve decided to lower interest rates for the third consecutive time. However, they indicated that there might only be one more cut next year as rates approach what they deem neutral levels. The benchmark federal funds rate was reduced by 25 basis […]