El Salvador, the first country to make Bitcoin legal tender, is still buying Bitcoin, going against claims made by the International Monetary Fund (IMF). Recent data shows that the country acquired 7 Bitcoin valued at over $650,000 in the week before April 27. Despite IMF statements insisting that El Salvador is sticking to its agreement ...
Former President Donald Trump’s recent comments about Federal Reserve Chair Jerome Powell have sparked significant Market reactions. After Trump criticized Powell for not lowering interest rates, stating that the economy could slow down without immediate action, the US markets experienced a sharp decline. Trump referred to Powell as “Mr. Too Late” and called for preemptive ...
President Trump has been openly critical of Federal Reserve Chair Jerome Powell, suggesting he may consider firing him, which experts warn could lead to a lack of confidence in U.S. markets. Concerns about this potential removal have weighed heavily on stocks, causing them to drop over 2% recently. Analysts indicate that such changes could jeopardize ...
Former President Donald Trump has expressed frustration with Federal Reserve Chair Jerome Powell, whom he nominated in 2017. Recently, Trump accused Powell of making poor decisions and suggested he might fire him, despite Powell stating that such a move is illegal without cause. Powell has served on the Fed’s board since 2012 and was reappointed ...
Subscribe to the White House Watch newsletter for free to stay updated on the implications of the 2024 US election for Washington and beyond. Recently, Republican Senator John Kennedy defended Federal Reserve Chairman Jay Powell against former President Trump’s claims that he could dismiss Powell. Kennedy emphasized the importance of the Federal Reserve’s independence, stating ...
Donald Trump’s ongoing tension with the Federal Reserve, particularly with Chair Jerome Powell, remains a hot topic. Throughout his presidency, Trump has frequently criticized Powell for not lowering interest rates enough, even suggesting they go negative. As Trump returns to the political arena, he continues to press for lower rates, despite challenges posed by his ...
President Donald Trump’s recent tariff policies have created unprecedented challenges for the Federal Reserve, according to Chair Jerome Powell. He emphasized that these policy changes are significantly impacting the economy, potentially leading to weaker growth, higher unemployment, and rising inflation — a troubling scenario reminiscent of past stagflation. Powell indicated that the Fed must carefully ...
In his first three months as president, Donald Trump has stirred up trade tensions by proposing tariffs on countries like Canada, Mexico, and China, causing unexpected chaos in both US and global markets. This turmoil has impacted the cryptocurrency Market, leading to significant price swings. Although Trump has since backed off some tariff plans, uncertainty ...
The U.S. has traditionally relied on gold and oil as its key reserve assets, but Bitcoin is gaining attention as a potential future reserve. The new administration, starting in January 2025, is exploring policies to establish a Strategic Bitcoin Reserve, funded mainly from seized cryptocurrencies. While the U.S. holds significant gold and oil reserves, its ...
The U.S. government has historically relied on gold and oil as reserve assets, but the rise of Bitcoin is changing the landscape. As institutional interest in Bitcoin grows, its potential role as a strategic reserve is becoming more significant. While the U.S. holds a substantial amount of gold and oil, its Bitcoin holdings mainly come ...
