- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Federal Reserve Megaphone: Federal Reserve independence is challenged again, and no interest rate cut is expected this month
Odaily News Fed mouthpiece: The building renovation dispute has emboldened a faction within the Trump administration that has long wanted to challenge the independence of the Federal Reserve. Some economic advisers, such as Treasury Secretary Bessant, generally advocate maintaining the independence of the Federal Reserve. For example, Bessant refused to criticize Trump on the building renovation in a recent Fox Business interview. But other advisers and external allies have been exploring legal ways to remove Powell from his position since before the election. No one wants to do major renovations to a historic building during their term, let alone two historic buildings that need a lot of repairs, Powell said in his testimony last month. Previously, Trump has pushed for lower interest rates on a larger scale to reduce government borrowing costs. The Fed is not expected to cut interest rates at its meeting later this month, but Powell has hinted that it may cut rates later this year if inflation performs well or the labor market is weak. Trump wants to reduce the debt servicing costs of the federal deficit, and his tax cuts may expand the federal deficit. But outside of extreme situations such as war, central banks in developed economies will resist such pressure. They believe that stable inflation is essential to maintaining peoples confidence in their own currencies. (Jinshi)
You may also like
Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…
Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…
“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…
Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…
DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…
OpenClaw Developers Targeted by Sophisticated GitHub Phishing Campaign
Key Takeaways OpenClaw developers are being targeted by a phishing campaign using fake GitHub accounts. Attackers claim to…
User Loses $85,000 in sNUSD to Phishing Scam
Key Takeaways A user lost approximately $85,000 in sNUSD due to a phishing attack. The attack involved a…
Bitcoin Tumbles Below $71,000 Amid Global Market Volatility
Key Takeaways Bitcoin (BTC) recently experienced a sharp drop, falling below the $71,000 mark, a significant decline influenced…
Ethereum: A Closer Look at Recent Price Movements
Key Takeaways Ethereum’s price has recently fallen below $2200, showing a daily increase of 0.55%. Ethereum (ETH) operates…
Pudgy Penguins’ Game Sparks Security Warning Amid Growing Phishing Scams
Key Takeaways A phishing campaign is targeting the Pudgy Penguins’ newly-launched game, Pudgy World, to steal cryptocurrency wallet…
The Cryptocurrency Market Downturn: An In-Depth Look
Key Takeaways The cryptocurrency market is experiencing a downturn driven by geopolitical tensions and surging oil prices. Bitcoin…
Ethereum Whale Activity: Major Accumulation Detected
Key Takeaways A significant whale activity has been detected, involving the purchase of 10,811.34 ETH over two weeks.…
Cryptocurrency Market Update: Major Developments and Insights
Key Takeaways Sky co-founder Rune Christensen has leveraged strategic moves to short the S&P 500 and invest in…
Whale Trading Strategies: Insights into Massive Crypto Moves
Key Takeaways A notable whale, @Jason60704294, made a profit of $7.093 million by closing a short position during…
BlackRock’s Significant Crypto Withdrawal from Coinbase
Key Takeaways In a surprising move, BlackRock has withdrawn 2,267 BTC and 5,041 ETH from Coinbase in the…
Ancient Whale’s Bitcoin Sale Spurs Market Movements
Key Takeaways An ancient cryptocurrency whale offloaded 1,000 BTC, valued at approximately $71.57 million, causing significant ripples in…
SEC Clarifies How Federal Securities Laws Apply to Crypto Assets
Key Takeaways: The SEC and CFTC jointly released a comprehensive guidance classifying crypto assets into five distinct categories.…
SEC Greenlights Nasdaq for Tokenized Securities Trading
Key Takeaways: SEC approval allows Nasdaq to initiate tokenized securities trading, integrating blockchain into U.S. equity markets. Tokenized…
Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…
Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…
“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…
Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…
DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…
OpenClaw Developers Targeted by Sophisticated GitHub Phishing Campaign
Key Takeaways OpenClaw developers are being targeted by a phishing campaign using fake GitHub accounts. Attackers claim to…
App