In Brief President Trump is reportedly considering Treasury Secretary Scott Bessent as a potential replacement for Jerome Powell as Fed Chair. Trump has expressed dissatisfaction with Powell’s interest rate policies and has threatened to fire him despite term limits. Legal hurdles might prevent Trump from directly firing Powell, making the potential replacement a complex issue…
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In Brief Bitcoin jumped above $99,000 after Jerome Powell likened it to gold and Trump announced a pro-crypto SEC nominee. The Federal Reserve Chair emphasized Bitcoin as speculative, not a currency replacement, during the NYT DealBook Summit. Trump’s nominee, Paul Atkins, signals a potential shift to more crypto-friendly regulations and wider institutional adoption. Bitcoin surged…
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In Brief The Federal Reserve signals slower rate cuts to prioritize strict inflation control. The decision rekindles questions about Bitcoin’s effectiveness as an inflation hedge. Experts offer diverse perspectives on Bitcoin’s value proposition and future outlook. Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites…
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