French Finance Minister Eric Lombard has strongly warned against the latest threats from U.S. President Donald Trump to sack Federal Reserve Chair Jerome Powell, saying it would potentially significantly erode the credibility of the U.S. dollar and destabilize the wider economy. Risks of Firing the Fed Chair In an interview
The Federal Reserve is the central bank of the US. It sets interest rates and makes decisions to maintain the stability of the economy. The Fed is supposed to be independent. This means it should not be controlled by the president or politicians. Jerome Powell is currently the Federal Reserve
The war between Donald Trump and Federal Reserve Chairman Jerome Powell has come to a boil again, with Trump reportedly asking the Supreme Court to allow him to fire Powell, a move that would shake U.S. markets and potentially trigger crypto. The tension arises from Powell’s refusal to cut interest
The crypto market saw major happenings this week, including the Federal Reserve’s refusal to change interest rates, Ripple’s legal triumph over the SEC, and increased institutional investment in crypto assets. These occurrences, combined with regulatory measures and ETF filings, influenced market sentiment and investor attitudes. Fed Rate The U.S. Federal
Historically, Federal Reserve rate cuts have tended to increase liquidity in financial markets, prompting investors to chase higher yields in riskier assets, such as cryptocurrencies. This capital flow has, at times, translated into large price spikes in Bitcoin, followed by corresponding spikes in many altcoins—a situation traditionally known as “altseason.”
President Donald Trump is pushing the Federal Reserve to reduce interest rates immediately. He is of the view that increased inflation results from previous policy and advocates that reduced rates go hand-in-hand with his proposed tariffs on foreign imports. Fed Rate Cut Federal Reserve Chairman Jerome Powell doesn’t agree. He
The U.S. Federal Reserve is set to deliver its final monetary policy decision of the year on December 18. A 0.25% interest rate cut is widely expected, marking the third rate reduction since September. However, beyond this anticipated move, uncertainty looms over the Fed’s forward guidance and the pace of
Bitcoin (BTC) soared to a new all-time high of $106,488.25 in early Asian hours before settling near $104,500. The surge came amid increased investor confidence but was tempered by caution surrounding the upcoming U.S. Federal Reserve (Fed) rate cut decision. Bitcoin currently trades at $104,649, up 2.34% in the last
Stellar XLM price has surged to $0.27, marking a new yearly high after breaking out of prolonged consolidation near $0.10. This major rally confirms a strong bullish trend, supported by technical patterns and interest in Stellar as a blockchain solution. Technical Analysis The XLM price chart shows a remarkable breakout
