US President Donald Trump is reportedly chasing the ouster of the Federal Reserve Governor. The US Supreme Court has weighed in by flagging risks associated with it. This comes after reports emerged about Trump going after the Fed Chair. For the crypto market, any movement in this context could cause
The US Fed Chair Jerome Powell has received support from global central bankers. This comes amid the rising tension between him and US President Donald Trump. Support in such a large number has triggered anticipation of no rate cut in the January meeting. Thereby affecting the crypto market to some
Jerome Powell, the head of the Federal Reserve, recently criticized the Trump administration following the opening of a criminal case against the Federal Reserve concerning the headquarters’ renovation project. According to Powell, the criminal case is a result of political retribution following the refusal by the Federal Reserve to reduce
Jerome Powell’s time as Chairman of the U.S. Federal Reserve seems to be drawing to a close. As Treasury Secretary Scott Bessent revealed that the Trump administration is indeed searching for a replacement. In a Bloomberg interview last week, Bessent said the administration would start within the next few weeks and could announce a replacement by October. Powell’s current term expires in May 2026. Although Bessent’s name has been suggested as a leading contender. He was quick to respond that he’s not at this time considering the position. “I have the
The controversy over U.S. monetary policy has intensified with the Presidency of Donald Trump. He is confirming that he will shortlist three to four likely candidates to replace Jerome Powell as Federal Reserve Chair by the time Powell’s current term expires in May 2026. During a recent media outing at
Federal Reserve Chief Jerome Powell confirmed on Tuesday, June 24th, that no interest rate reductions are due anytime in the near future, indicating a conservative stance by the U.S. central bank. As much as there has been political pressure and economic turmoil, the Fed rate cuts has remained firm with
The Senator of the United States, Elizabeth Warren, has warned that the announcement of Donald Trump to terminate Federal Reserve Chair Jerome Powell, could cause a crash in the financial markets of the state. Powell faced severe criticism from Trump, along with the accusation of being politically biased. Mr. President
The web3 community has been meeting at a multitude of events this month. As the sector buzzes with activity, regulatory actions have also remained on the upside similar to March. However, prices continue to resist the snag they hit since the Tariff commotion. Notably, in the last 24 hours, the
The U.S. Federal Reserve kept the interest rates unchanged on Wednesday, maintaining the benchmark lending rate within the range of 4.25% to 4.50%. Fed Chair Jerome Powell underlined that the policymakers are in no rush to lower rates. Besides, he stated that any adjustments would depend on further improvements in
Today, the global crypto market is flooding with bloodbath as Bitcoin (BTC) has seen a major shake-up, dropping to the $98K zone. This downturn comes after Federal Reserve Chair Jerome Powell stated that the Fed is “not allowed to own Bitcoin” and ruled out any plans to change the laws
