FED

Vice President J.D. Vance launched a sharp attack against Federal Reserve Chair Jerome Powell, accusing him of “sleeping at the wheel” while the U.S. economy continues to struggle with high interest rates despite slowing inflation. “The Fed has totally fallen asleep,” Vance said, adding that President Trump is right when he says it's “TOO LATE” – both in responding to past inflation under Biden and in cutting rates now.

💥 White House Tightens Pressure – Powell’s Position on Shaky Ground
The Trump administration has been increasingly vocal about seeing Powell’s refusal to cut rates as a direct threat to economic growth. Vance’s criticism followed the latest inflation report from the Bureau of Labor Statistics, which showed prices barely moved in June — both overall and core inflation rose by just 0.1%, with year-over-year rates at 2.4% and 2.8%.
While this is slightly above the Fed’s 2% target, Vance and Trump argue there’s no excuse to keep rates this high — especially now that tariffs haven’t shown any major inflationary impact. Vance called the Fed’s current stance “monetary negligence.”

🏛️ $2.5 Billion Fed Renovation Becomes a New Reason for Dismissal
Inside the White House, serious talks are underway about potentially removing Powell before his term ends. National Economic Council Director Kevin Hassett stated that “Trump doesn’t want to fire Powell,” but admitted that the administration is reviewing whether it has the authority to do so. “But if there’s a reason, then yes,” Hassett said.
That reason may already be on the table. A $2.5 billion renovation of the Fed’s headquarters — already $700 million over budget — has drawn harsh criticism. Though not funded by taxpayers (the Fed uses its own revenue from interest and bank fees), Office of Management and Budget Director Russell Vought recently slammed the project as “textbook bad leadership.”

📄 A List of Questions and the Fed’s Quiet Response
Vought sent Powell a list of questions demanding detailed answers. According to Hassett, the administration’s next steps will largely depend on Powell’s response. “Whether the president decides to act will depend heavily on the answers the Fed gives to Russell’s inquiry,” Hassett said.
In response, the Federal Reserve quietly added a new FAQ section to its website, directly addressing some of Vought’s concerns. One statement emphasized: “No new VIP dining rooms are being built as part of this project” — clearly responding to specific fears about wasteful spending.

🧩 Trump Eyeing Replacements – But Who Will It Be?
Though Trump said Friday he is not yet planning to remove Powell, he admitted he already has potential replacements in mind. Powell’s term ends in May 2026, but early dismissal remains a possibility if conditions don’t improve. Names being considered include Kevin Hassett himself, former Fed Governor Kevin Warsh, and Treasury Secretary Scott Bessent.
Meanwhile, J.D. Vance keeps hammering the same message: “Cut rates now — or step aside.”

#Powell , #FederalReserve , #Fed , #Inflation , #USPolitics

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**AI Snapshot:** The financial world is bracing for impact as **new U.S. tariffs loom** and key economic data drops this week. Meanwhile, **Bitcoin keeps smashing records**, proving once again that crypto thrives in uncertainty. Here’s what you need to know.

## **Why Markets Are on Edge**

The **August 1 tariff deadline** is fast approaching, and tensions are high. The U.S. has started notifying trading partners of new rates, but negotiations are still fiery. Meanwhile, **crypto is stealing the spotlight**, with Bitcoin hitting fresh all-time highs as institutional money pours in.

### **Key Triggers This Week:**
🔥 **CPI & Retail Sales Data** – Will inflation slow enough to push the Fed toward rate cuts?
🔥 **Fed Speeches Galore** – Multiple Fed officials are set to speak, possibly dropping hints on monetary policy.
🔥 **Trump’s Next Move** – The former (and possibly future?) president could shake markets with new trade policies.

---

## **Bitcoin: The Unstoppable Outperformer**

While traditional markets sweat over tariffs and inflation, **Bitcoin ($BTC ) is up over 20% this month alone**. Why?

✅ **Institutional Adoption** – Big players are finally treating BTC as a **legit asset class**.
✅ **Hedge Against Uncertainty** – Geopolitical chaos? Inflation fears? Bitcoin doesn’t care.
✅ **Supply Shock Ahead** – With the **2024 halving** behind us, scarcity is kicking in.

**Pro Tip:** If the Fed signals rate cuts, expect **even more crypto upside** as liquidity floods back into risk assets.

---

## **This Week’s Economic Calendar: Make or Break for Markets**

Mark your calendars—these events could **move markets big time**:

### **🗓️ Tuesday, July 16**
- **14:45 (UTC+8)** – *Boston Fed President Collins speaks* (2025 FOMC voter)
- **21:15 (UTC+8)** – *Fed Governor Bowman’s welcome address*

### **🗓️ Wednesday, July 17**
- **00:45 (UTC+8)** – *Fed Governor Barr speaks*
- **02:45 (UTC+8)** – *Boston Fed President Collins speaks (again)*
- **07:45 (UTC+8)** – *Dallas Fed President Logan on the U.S. economy*
- **21:15 (UTC+8)** – *Cleveland Fed President Harker’s speech*

### **🗓️ Thursday, July 18**
- **02:00 (UTC+8)** – *Fed’s Beige Book (economic snapshot)*
- **20:30 (UTC+8)** – *U.S. Retail Sales, Jobless Claims, Philly Fed Index*
- **05:30 (UTC+8)** – *NY Fed President Williams on monetary policy*

### **🗓️ Friday, July 19**
- **22:00 (UTC+8)** – *U.S. 1-year inflation expectations*

## **CPI & Rate Cuts: The Billion-Dollar Question**

The **June CPI report** (due Thursday) could be a **game-changer**. Here’s what analysts expect:

📉 **Annual CPI:** **2.7%** (up from 2.4% in May)
📉 **Monthly CPI:** **0.3%** (up from 0.1%)
**Bear Case:** If inflation **surges past forecasts**, the Fed may **delay rate cuts**—bad for stocks, good for the dollar.
**Bull Case:** If inflation **slows unexpectedly**, rate-cut bets **return with a vengeance**—bullish for crypto & equities.

---

## **FAQs: Your Burning Questions, Answered**

### **1. How will tariffs affect crypto?**
Historically, Bitcoin ($BTC ) **thrives in trade wars** as investors seek alternatives to shaky fiat systems.

### **2. What’s the best play if CPI comes in hot?**
- **Short-term traders:** Dollar ($DXY) up, risk assets down.
- **Long-term HODLers:** Buy the dip in crypto & growth stocks.

### **3. Why is Bitcoin pumping despite market uncertainty?**
Because **BTC is digital gold 2.0**—it’s becoming the go-to hedge against inflation & geopolitical risk.

### **4. When will the Fed cut rates?**
Most analysts expect **September**, but a soft CPI could push it to **July**.

### **5. Should I worry about Trump’s trade policies?**
Yes—if tariffs escalate, expect **market volatility**. But crypto could benefit as a **neutral asset**.

---

## **Final Take: Buckle Up for a Wild Week**

Between **tariffs, Fed chatter, and Bitcoin’s relentless rally**, this week is packed with **make-or-break moments**.

**Smart move?** Keep an eye on:
🔹 **CPI data** (Thursday) – The Fed’s next move depends on it.
🔹 **Fed speeches** – Any dovish hints could send markets soaring.
🔹 **Bitcoin’s price action** – Institutional FOMO is real.

**What’s your play?** Buying the dip? Loading up on $BTC ? Let’s discuss! 👇
$BTC
$ETH
*#bitcoin #CPI #Fed #Markets #Write2Earn
* @Anthony Pompliano 🌪 @CryptoHayes @fed @realDonaldTrump @OroCryptoTrends

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